Keypoint :
- Orange line : Fibonacci sequence x 1.618 from October 2008.
Yellow line : Fibonacci retracement 2018
white line : Projected Down Trenline from september 2016
Closer they are (orange and yellow fibonacci line) in between the high resistance/support is expected
- expect a down trendline would be tested and a possible retracement once it's touch that line. in unexpected moment, if the price action do managed get above the down trendline. there will be a good bullish trend sign for SILVER/USD
Indicators :
- Stochastic RSI : managed to create higher low and rising up above 80 level currently. bullish momentum yet it's highly chance it will retrace in next fib line
- DMI : +DI (buyer strength) is creating a huge range with - DI (seller strength) which is a good sign for bullish momentum for now. ADX (momentum strength) is rising and expected will be get above 25 soon..
- MACD : Macd line crosses toward bullish zone and the buyer histogram is rising currently. although there's slight bearish divergence in between price action and histogram which is lower than previous one. nevertheless it can be negated easily.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
- Orange line : Fibonacci sequence x 1.618 from October 2008.
Yellow line : Fibonacci retracement 2018
white line : Projected Down Trenline from september 2016
Closer they are (orange and yellow fibonacci line) in between the high resistance/support is expected
- expect a down trendline would be tested and a possible retracement once it's touch that line. in unexpected moment, if the price action do managed get above the down trendline. there will be a good bullish trend sign for SILVER/USD
Indicators :
- Stochastic RSI : managed to create higher low and rising up above 80 level currently. bullish momentum yet it's highly chance it will retrace in next fib line
- DMI : +DI (buyer strength) is creating a huge range with - DI (seller strength) which is a good sign for bullish momentum for now. ADX (momentum strength) is rising and expected will be get above 25 soon..
- MACD : Macd line crosses toward bullish zone and the buyer histogram is rising currently. although there's slight bearish divergence in between price action and histogram which is lower than previous one. nevertheless it can be negated easily.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.