Great Silver setup

11 giu 2016

Silver is in a bull channel but it is about to hit a resistance area. Its a weekly .50 fib confluenced with a daily extended -.618 fib. If it breaks this area, I will look to sell the trend line rejection. Target is the bottom trend line of the bull channel with some structure. I will sell on the 4hr. It is currently consolidating up on that time frame; more confirmation of a drop coming soon