Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
SILVER has been overall bearish trading inside the red falling broadening wedge, and it is currently retesting the upper red trendline.
Moreover, the zone 25-26 is a strong resistance zone .
📌So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance)
📕As per my trading style:
As SILVER is around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
“Although gold and silver are not by nature money, money is by nature gold and silver.” – Karl Marx
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
🗒All Strategies Are Good; If Managed Properly!
~Rich
SILVER has been overall bearish trading inside the red falling broadening wedge, and it is currently retesting the upper red trendline.
Moreover, the zone 25-26 is a strong resistance zone .
📌So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance)
📕As per my trading style:
As SILVER is around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
“Although gold and silver are not by nature money, money is by nature gold and silver.” – Karl Marx
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
🗒All Strategies Are Good; If Managed Properly!
~Rich