Please refer to chart:
SLV EFT daily index:
1) Bearish cypher pattern is almost complete soon.
2) Price action is at a fib. retracement level 0.786 (which is last reversal or will go down 100%)
3) RSI indicator is very low or oversold,around 18.7
4) Wait for daily price HA candlestick action to close above $15.69 (green HA candlestick).
If above happens, this coming week, then look at bullish set ups on lower time frames to entry a new trade. Good trading & money management is key.
SLV EFT daily index:
1) Bearish cypher pattern is almost complete soon.
2) Price action is at a fib. retracement level 0.786 (which is last reversal or will go down 100%)
3) RSI indicator is very low or oversold,around 18.7
4) Wait for daily price HA candlestick action to close above $15.69 (green HA candlestick).
If above happens, this coming week, then look at bullish set ups on lower time frames to entry a new trade. Good trading & money management is key.
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