Silver weekly, observation of a bigger triangle-formation.
This is not a prediction, it's first of most, an observation of a possible bigger triangle-/wedge-formation in weekly Silver. Price has now reached almost at a fib 0.382 level...
If this triangle become valid, downside is the direction to look for.... In all 3 indicators, we have first a hidden bear divergence, and then last 2 tops now, has bear divergence in this weekly.
All these observations, could trigger more downside, or a choppy situation also.... it's all I can tell at this early stage .
If this triangle become valid, downside is the direction to look for.... In all 3 indicators, we have first a hidden bear divergence, and then last 2 tops now, has bear divergence in this weekly.
All these observations, could trigger more downside, or a choppy situation also.... it's all I can tell at this early stage .
