Hi Traders!
We have spotted a potential support break opportunity on the Silver 1D chart. The price action suggests that the market may want to go down to test further levels below. After a double top resistance at 26.129, there was a pullback into a price channel break, and then the market found support at 22.117. There was then a falling three methods candle formation, which is a bearish candlestick pattern.
We are looking for a break and a close below 22.117; if we get this, then we have a first target at 21.500 and a second target at 20.787.
If we do get a break and close below 22.117, then there are buying opportunities just above this level to target the long-term 26.129 resistance.
Please remember to like, follow, and comment to support us.
Your support is appreciated.
BluetonaFX
We have spotted a potential support break opportunity on the Silver 1D chart. The price action suggests that the market may want to go down to test further levels below. After a double top resistance at 26.129, there was a pullback into a price channel break, and then the market found support at 22.117. There was then a falling three methods candle formation, which is a bearish candlestick pattern.
We are looking for a break and a close below 22.117; if we get this, then we have a first target at 21.500 and a second target at 20.787.
If we do get a break and close below 22.117, then there are buying opportunities just above this level to target the long-term 26.129 resistance.
Please remember to like, follow, and comment to support us.
Your support is appreciated.
BluetonaFX
