Silver has not only left the negative trend channel to the bottom but also has had a bearish engulfing (2018-07-13) just after having a small recovering.
There is a new support line, parallel to the existing trend channel and this should not be broken.
RSI is in bearish zone, the trend shows a sideways move.
MACD is clearly negative.
To give new bullish signals Silver has to jump again into the trend channel, break the trend line (dotted), RSI has to turn up and MACD has to be triggered.
The big picture for silver stays negative as well (weekly candles).
For the moment to reason to invest but also no shorting.
This no trading advice!
There is a new support line, parallel to the existing trend channel and this should not be broken.
RSI is in bearish zone, the trend shows a sideways move.
MACD is clearly negative.
To give new bullish signals Silver has to jump again into the trend channel, break the trend line (dotted), RSI has to turn up and MACD has to be triggered.
The big picture for silver stays negative as well (weekly candles).
For the moment to reason to invest but also no shorting.
This no trading advice!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.