AND HERE IS THE EXSPECTED MIDTERM SELL-SIGNAL!
Selling the Pullback was a great idea! Now we see the next sell-signal with target @ 12,5$!
SELL THE PULLBACK???
My expectation from my former analysis did not occur - but my exspectation of my analysis "On its way down
" is right again.
The shortterm downtrend broke and silver jumped to it s breakout Level @ 15.40$ again. This Niveau is corresponding to the Minimum correction fibo 38,2 Level .
This is the MoB or the Level to watch!!!
view: Should silver enter the old trading box between 15,4- 17,4, the swing target should be the upper edge of the box @ 17,4$. This target is only active if silver can trade above the moving averages (yellow oval)
On this way up, several resists appear. Here are based the sma&ema 200, paired with the Maximum correction fibo Level 61,8 @ 16.3$. These Levels are possible Turnaround or Levels. (Grey arrows)
view: The main trend wins the fight, so the resist @ 15.4 can not be taken out of the market. A dip to the former low @ 14,3 should be exspected.
Trading under that low will initiate a selloff with target 12,5
Silver is following exactly the 1-2-3 green trend-counting! Trading below the last green "2" generates the next shortsignal with target 14/13.5$