SILVER (XAGUSD): Breakout & Bearish Continuation 🪙

Hey traders,

At the end of December, Silver reached a strong horizontal resistance level.
Then the price formed a descending triangle formation - bearish accumulation pattern.

Breaking its support this morning the market confirms an overwhelming bearish pressure.

I expect a bearish move to 21.6 level.

Look for an occasional retest of the blue structure as your entry.
Safe stop will be at least above the falling trend line of a triangle.

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Yorum:

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