Potential Support At TL And Reversal @21.724 | $XAG $SLV #Silver
Traders,
On a pure technical basis, a support and bullish reversal potential event has shaped up. The predictive/forecasting model overlay also points to an early bullish reversal signal pending confirmation.
At this point, IF support holds at defined trendline, THEN I would expect a rallying and consolidation into the overhead forecast target: TG-1 = 21.724 - 03 JUL 2014.
Independent of the technical and predictive model consideration, my personal bias remains influence by the XAU:XAG relative strength chart released earlier this year - See chart with its replay feature here: tradingview.com/v/w6G3CwDJ/ or as a static image here:
. Note how well the KoD played out in this one.
OVERALL:
A technically-driven bias defines potential support at the current level, with nearby bullish target at 21.724 acting as potential resistance. A relative strength chart adds further bearish weigh against the white metal (see "Link To Related Idea) - Based on these conflicting perceptions, I will leave the directional indicator to NEUTRAL until both technical and predictive views come into alignment.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
Denver, CO USA
---------------------------
Twitter Handle: 4xForecaster
---------------------------
On a pure technical basis, a support and bullish reversal potential event has shaped up. The predictive/forecasting model overlay also points to an early bullish reversal signal pending confirmation.
At this point, IF support holds at defined trendline, THEN I would expect a rallying and consolidation into the overhead forecast target: TG-1 = 21.724 - 03 JUL 2014.
Independent of the technical and predictive model consideration, my personal bias remains influence by the XAU:XAG relative strength chart released earlier this year - See chart with its replay feature here: tradingview.com/v/w6G3CwDJ/ or as a static image here:
OVERALL:
A technically-driven bias defines potential support at the current level, with nearby bullish target at 21.724 acting as potential resistance. A relative strength chart adds further bearish weigh against the white metal (see "Link To Related Idea) - Based on these conflicting perceptions, I will leave the directional indicator to NEUTRAL until both technical and predictive views come into alignment.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
Denver, CO USA
---------------------------
Twitter Handle: 4xForecaster
---------------------------
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.