SILVER
Had a huge bounce with all the Trump tariff kerfuffle and that was quite off-putting.
But it looks to be revealing its hand now; printing a Golden Window failure (0.618-0.786 retracement rejection) with little upper wicks (red arrows) signalling a significant point of resistance.
The GW failure follows a fairly limp ascending channel that would appear to have bearish cause.
And the whole high time frame area appears to be a Head & Shoulders reversal pattern.
Silver appears to be waiting for the cue from Gold turning bearish to finally fall into a significant high time frame downtrend.
I entered a short here.
Invalidation would be a move above 0.85 ratio 👍.
Not advice
Had a huge bounce with all the Trump tariff kerfuffle and that was quite off-putting.
But it looks to be revealing its hand now; printing a Golden Window failure (0.618-0.786 retracement rejection) with little upper wicks (red arrows) signalling a significant point of resistance.
The GW failure follows a fairly limp ascending channel that would appear to have bearish cause.
And the whole high time frame area appears to be a Head & Shoulders reversal pattern.
Silver appears to be waiting for the cue from Gold turning bearish to finally fall into a significant high time frame downtrend.
I entered a short here.
Invalidation would be a move above 0.85 ratio 👍.
Not advice
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.