Silver bouncing down from the channel high?
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Stochastic showing overbought conditions for quite some time on the daily chart.
We have seen this retracement down many times before, it acts as a strong resistance.
The 4-hour chart helps navigate the shorter-term direction with an immediate hurdle at around $22.56, which can be used for early exits.
The longer term target could be at around $22.10, which is the zone we also visited many times before.
We have seen this retracement down many times before, it acts as a strong resistance.
The 4-hour chart helps navigate the shorter-term direction with an immediate hurdle at around $22.56, which can be used for early exits.
The longer term target could be at around $22.10, which is the zone we also visited many times before.
交易結束：達到停損點
Silver will react from the next resistance point at around $24.2, which has shown to be more reliable in the past.
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