Silver Technical Analysis: Bearish Shark Pattern
XAGUSD We have been anticipating a series of harmonic patterns in the markets, and silver is no exception. It is currently presenting some constructive and intuitive patterns with a high probability of manifestation.
A bearish shark pattern has formed for silver at the 224% Fibonacci extension level around $31. This pattern suggests a potential retracement that could bring the price down to around $29.37, aligning with the daily fractal resistance level that was broken slightly below, at $29.17.
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André
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.