Trend lines are a powerful tool that represent areas where buyers and sellers tend to change their behaviors.
On Silver, we can draw a support trend line that is upward-sloping and has held up prices for several months.
Silver has reached this support level and is bouncing accordingly. Any traders positioning long will want to place a stop loss below the support trend line.
If Silver does fall below the blue trend line, it is a big clue that the mood of the market is changing and that much lower pricing is on the way.
Picking up a clue from Gold, a temporary bounce is normal, but the Elliott Wave count still suggests lower pricing is in the future for Gold.
Based on Gold's pattern, this suggests Silver may find a temporary bounce then break down below the support trend line.
On Silver, we can draw a support trend line that is upward-sloping and has held up prices for several months.
Silver has reached this support level and is bouncing accordingly. Any traders positioning long will want to place a stop loss below the support trend line.
If Silver does fall below the blue trend line, it is a big clue that the mood of the market is changing and that much lower pricing is on the way.
Picking up a clue from Gold, a temporary bounce is normal, but the Elliott Wave count still suggests lower pricing is in the future for Gold.
Based on Gold's pattern, this suggests Silver may find a temporary bounce then break down below the support trend line.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
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Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。