( trade in progress) week47 Silver h4 bearflag formed, ready to make new lows

Silver looks set to be creating new lows.

w1

on the weekly chart, price is downtrend year to year.
Getting short will be in line with the mega trend.
week46 Silver w1 downtrend 171115

h4 chart 1

week to week , day to day price is steadily going down.

week46 silver h4 downtrend short 171115

h4 chart 2

price has now formed a bearflag, with #trappedtraders signal validating the 2014 low as resistance.

price is ready to make new lows.
week47 silver h4 bearflag trappedtraders 271115

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s