The silver had a very interesting month, pushing and without stopping it cross some resistances.
In the chart, what I can see is that he's going to keep bouncing in this area for a while, just enough to grab strength and cross that strong resistance in front of him.
The reason why I believe this is because since December 26, 2016 it enter this well-defined trend where it was complying with a structure "ABCD" so we can intuit that its next move will be to the resistance in the upper area of the trend and cover the "E" point and thus close its structure "ABCDE"
In case he lost power his main support is in the area of 16.50
Best wishes to all!!!
In the chart, what I can see is that he's going to keep bouncing in this area for a while, just enough to grab strength and cross that strong resistance in front of him.
The reason why I believe this is because since December 26, 2016 it enter this well-defined trend where it was complying with a structure "ABCD" so we can intuit that its next move will be to the resistance in the upper area of the trend and cover the "E" point and thus close its structure "ABCDE"
In case he lost power his main support is in the area of 16.50
Best wishes to all!!!
تعليق:
just in time!!
تعليق:
In this case I have to accept that I gave more value to the attraction that could made the resistance of the "structure" than the impulse of the angle, and it did not work. For very little I did not reach the area of "E" and after that the price collapses strongly into the support area.
It is very likely that he respects the Ichimoku support and has a new impulse, if cross that point and the angle is not enough to stop him he could fall to 15.90.
It is very likely that he respects the Ichimoku support and has a new impulse, if cross that point and the angle is not enough to stop him he could fall to 15.90.