Wednesday, August 6, 2014

Silver ETF (SLV)


SLV coming back to retest its key support level?
Will the next break out (purple arrow scenario) be "the break out" ??
Settings used, 5,50,200 EMAs
These kind of long wide channel patterns are quite hard to trade


We could also face this scenario, a dip below key support, followed by a rally/break out
The bearish scenario for Gold and Silver? The $USD Dollar index rises fast above 82

2 comments:

yvan said...

The longer it takes, the more explosive it is.

Stay tuned.

yvan said...

oh les belles divergences qui sont en place!