In Silver, we have seen double top pattern forming in 3 hourly timeframe.
The double top pattern is reversal price action where prices make almost two equal high from the previous support price levels.
Silver is in down trend in daily timeframe as we can see and rejection from resistance level is good level to short.
There is bearish divergence on top of double top and relative strength index is below 40 level ==> this indicates silver is in downward momentum.
charts shows exepected target based upon short.
Traders are requested to do their own analysis for trading purpose and these view is published for educationa purpose only.
Please do mention in comment box regarding any other view and something need to improve in my posts.
The double top pattern is reversal price action where prices make almost two equal high from the previous support price levels.
Silver is in down trend in daily timeframe as we can see and rejection from resistance level is good level to short.
There is bearish divergence on top of double top and relative strength index is below 40 level ==> this indicates silver is in downward momentum.
charts shows exepected target based upon short.
Traders are requested to do their own analysis for trading purpose and these view is published for educationa purpose only.
Please do mention in comment box regarding any other view and something need to improve in my posts.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.