Hello everybody!
In my opinion, Silver is now in the final stages of correction! I suppose that Silver will fluctuate in the range of $ 23-20 for some time and only after that it will resume its growth to $ 35!
Take a closer look at the blue and red stripes! These are 150 and 200 MA! They are directed upwards!
The green line is 50 MA! It is in a downward phase! As Silver continues to trade in the $ 23-20 region for some time, this MA line will move closer to the 150 and 200 MA lines and by the end of December (?), If Silver rebounds to the $ 24-25 region, then we will see the 50 MA bounce up from the 150 and 200 MA!
Set these three simple MAs (50, 150, 200) on your charts and watch how they indicate the beginning of a trend in different instruments!
Good luck to all
In my opinion, Silver is now in the final stages of correction! I suppose that Silver will fluctuate in the range of $ 23-20 for some time and only after that it will resume its growth to $ 35!
Take a closer look at the blue and red stripes! These are 150 and 200 MA! They are directed upwards!
The green line is 50 MA! It is in a downward phase! As Silver continues to trade in the $ 23-20 region for some time, this MA line will move closer to the 150 and 200 MA lines and by the end of December (?), If Silver rebounds to the $ 24-25 region, then we will see the 50 MA bounce up from the 150 and 200 MA!
Set these three simple MAs (50, 150, 200) on your charts and watch how they indicate the beginning of a trend in different instruments!
Good luck to all