strong bullish trend in silver and we can expect to upward trend in long term
now we can expect to downtrend.... the time analysis is in progress now
we can expect to blockage the price by the line above and star the very short term downtrend till the signs.... but if the price can be stabled below the 4k for days. downtrend can be boosted
we can expect bearish pattern by the time analyzing at front vertical line and by pull backing to the broken dynamic support line which is the part of triangle pattern support too. ////
bearish trend can be started again by the harmonic pattern and pressure of seeling
very possible to reach the dynamic red line again by the harmonic pattern also decreasing in momentum can lead the price to stop from growing more and start the downtrend.... psychologically too, price is ready to surprise every retails by bearish movement
bearish if it break the price static zone and consist below it bullish if it break the zone from above and can consist in a logic way but the downtrend is more possible
we are in a critical time zone for reef.... resistance of channel midline and price cluster can obviously push the price and band it to grow more and all things possibly cooperate to start new downtrend
after breaking the diamond if we see the consistency below the shape the downtrend is highly possible
after breaking the diamond we should see consistency below 1.12 to reaching lower level
it can break it and after the price will be stable bellow the dynamic trend line it should crack dawn very sharply
it can go to lower level by breaking the neckline of head and shoulders pattern and if it will support by the red dynamic line it can goes higher again or if not, it can breaking it very strong toward the 50K
NOWLY IN FRONT OF RESISTANCE AND AFTER SUPPORTING by the lower price we can predicted higher price
bearish is more possible for this pair ..... after touching the supports level or zones very strong bullish trend is more possible
actually what we see in the chart is decreasing the momentum and tending to see lower price.... all supports and resistances are visible.......
decreasing in momentum and tending to touch the lower number is visible
we predicted the index downtrend movement on the top and now it have happened, as we predicted the support zone chane it duty to the resistance and here we have faced to this resistance.... if it will broke we gonna back to uptrend move again and if not, lower support level is recognized and visible in the chart
AS we are seeing, very careful double top and reducing in momentum, can forward the index into the lower level which is showing in the chart by price ticket..... in 4 h scale downtrend is more obvious than the other prediction