Silver rushes higher and falls back Mainly empty
Updated
The decline of silver after the previous wave of big gains has now formed a top-of-the-head and shoulder pattern, and the short-term shock high formed on the right shoulder is also decreasing. Yesterday, it surged again and fell back, so we will continue to bearish silver at high altitude in the evening. If the bears break down in the future, they will usher in a big structural decline.The silver operation is recommended to sell at 25.02, the risk control is 25.18, and the target is 24.50~24.20.
The chart is a silver 4H chart
Silver is bearish for the following reasons
1. Silver rebounded and fell back again. The rebound trend formed a running pattern due to the weaker rebound, which means that the rebound high point continued to move down, and the decline low point continued to appear new low.
2. According to the update of the Turing Wave trading System, the adjustment of Wave A of Wave 3 and Wave 2 is currently in progress. At present, the decline of Wave A 1 and the rebound of Wave A 2 have been completed, and the current high probability has entered the downward trend of Wave A 3 again.
3. The intraday pressure is 25.02~25.22, and the support is 24.50~24.20.
The chart is a silver 4H chart
Silver is bearish for the following reasons
1. Silver rebounded and fell back again. The rebound trend formed a running pattern due to the weaker rebound, which means that the rebound high point continued to move down, and the decline low point continued to appear new low.
2. According to the update of the Turing Wave trading System, the adjustment of Wave A of Wave 3 and Wave 2 is currently in progress. At present, the decline of Wave A 1 and the rebound of Wave A 2 have been completed, and the current high probability has entered the downward trend of Wave A 3 again.
3. The intraday pressure is 25.02~25.22, and the support is 24.50~24.20.
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
The trend is as expected, profitableTrade active
Trade closed: target reached
The small-cycle goal has been achieved, and it is still hovering in the pressure position, and the support line is still working.Trade active
Trade active
Trade active
Trade active
Trade active
Break the previous pressure, come out first for the time being, wait for the next opportunityTrade active
Trade active
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