Argento / DollaroShort
XAGUSD-Silver about to test its previous low support levels.
The chart above gives traders clear bearish presentation of what is about to happen. With its clearly shown up-sloping neckline, the price of XAGUSD ha moving to test the support(neckline).
On the daily time frame chart, XAGUSD has been spotted forming a bearish reversal chart pattern called the HEAD and SHOULDERS TOP.
The validity of the pattern comes to play only when price closes below the up-sloping neckline. Look out for the following:
Looks for head perched a top two shoulders. A 3 different-peaks pattern with the middle peak above the others. The pattern should look like a person's head and shoulders.
The body of the candlestick should close below the up-sloping support(neckline) for this pattern to be valid. First of all, the test of the neckline at $16.86618.
Breakdown level: $16.84271
Support 1: $16.75022
Support 2: $16.65055
Support 3: $16.52570
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.
On the daily time frame chart, XAGUSD has been spotted forming a bearish reversal chart pattern called the HEAD and SHOULDERS TOP.
The validity of the pattern comes to play only when price closes below the up-sloping neckline. Look out for the following:
Looks for head perched a top two shoulders. A 3 different-peaks pattern with the middle peak above the others. The pattern should look like a person's head and shoulders.
The body of the candlestick should close below the up-sloping support(neckline) for this pattern to be valid. First of all, the test of the neckline at $16.86618.
Breakdown level: $16.84271
Support 1: $16.75022
Support 2: $16.65055
Support 3: $16.52570
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.