Hi Traders,
As you seen in above chart Silver broke the neck line of head and shoulder
pattern and creates bearish bias.
There is also Conflict point at Neck line area,
where Hull moving and key level conflict each other.
Recommendation:
Short from current price $17.40
Add more volume if breaks $17.28 Level, its also called confirmation level.
Targets are: $17.10, $16.80 and $16.20.
Stop should be $17.70
Risk to Reward: 1:4
Every system has a limitation.
Good Luck!
As you seen in above chart Silver broke the neck line of head and shoulder
pattern and creates bearish bias.
There is also Conflict point at Neck line area,
where Hull moving and key level conflict each other.
Recommendation:
Short from current price $17.40
Add more volume if breaks $17.28 Level, its also called confirmation level.
Targets are: $17.10, $16.80 and $16.20.
Stop should be $17.70
Risk to Reward: 1:4
Every system has a limitation.
Good Luck!
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