XAGUSD SilverUSD Internal Fibonacci Patterns
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Has corresponded to the price move in silver, gold and potentially bitcoin.
Silver has completed an internal fibonacci pattern 50-23.6-61.8, and price bounced off the 61.8 fib level. Was it coincidence, or are the markets controlled by more than fate?
Previous Analysis
This is not trading/financial advice.
twitter CNBCnow/status/1222293526232412160
Has corresponded to the price move in silver, gold and potentially bitcoin.
Silver has completed an internal fibonacci pattern 50-23.6-61.8, and price bounced off the 61.8 fib level. Was it coincidence, or are the markets controlled by more than fate?
Previous Analysis
This is not trading/financial advice.
twitter CNBCnow/status/1222293526232412160
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The last lowest candle*
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check out the FOMC Press Conference January 29, 2020
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Fun Fact: Gold global production 2018 was 3,260 metric tons and Silver was 27,000 metric tons. This is a ratio of 1 : 8.28, the “price” ratio is currently 1 : 89
The last candle made a signal for reversal on the 1 hour.