We can clearly see a rising wedge inside another rising wedge, plus, some rsi bear div.
Short it I will
TP 16.2
SL 17.5
Short it I will
TP 16.2
SL 17.5
Note
this is a Shark attack! s3.amazonaws.com/tradingview/snapshots/l/LVZlD6zo.pngNote
After that powerful bullish shark came into play, I hope for reversal with this butterfly ! to finish this short but long correctionIf resistance comes into play; $17.7 and $17.65 are important historic prices for silver, this last move completes the rising wedge
We will re-enter with a short trade Possible price $17.69, key to renter is finding the reversal pattern and patience!
Note
I still hold a bearish sentiment of trend.Note
I extended bullish shark to its limit which is fibo 1.618; matches butterfly in low timeframe, Note
Butterfly has been filled Note
hope you enjoyed ! I am looking for a retest of neck and some more continuation to the downside Trade closed: target reached
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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.