Silver FuturesShort
SILVER / SI / SLV - Bearish Pin Bar
Updated
Silver has formed a bearish pin bar setup. There is a bit to be desired in this setup, but I think it does set up an opportunity for price to break lower and retest the 14.80 region. In regards to the pin bar, the real body is sitting a little bit high with a little too much bottom wick. I think it weakens the pattern a bit, but it is a fake out none the less and lines up well with the double top that had formed a few weeks earlier.
I discussed the bullish setup in DXY, which if that setup plays out, could put a lot of downward pressure on gold and silver.
I discussed the bullish setup in DXY, which if that setup plays out, could put a lot of downward pressure on gold and silver.
Note
DXY
NZDUSD
AUDUSD
Note
EURUSD
Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.