Silver is contained inside a descending channel
XAGUSD is contained inside a descending channel that could potentially be a wedge.
3 bearish signals are:
1. price is at the top of the channel
2. RSI is moving lower
3. Faster MACD line is about to turn and cross the slower moving line.
Started a short position in USLV this morning at $11.63 (a little early but should be profitable soon).
3 bearish signals are:
1. price is at the top of the channel
2. RSI is moving lower
3. Faster MACD line is about to turn and cross the slower moving line.
Started a short position in USLV this morning at $11.63 (a little early but should be profitable soon).
Trade closed manually
Stopped out from the break above resistance
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.