Silver Chart

in #silver8 years ago

I'm not saying it's going to go down, but the chart looks bearish

There is either the ascending wedge, which is bearish, because the decreasing volitility implies steam is running out on the rally. Otherwise it's just a pennant, which is a brief pause in a continued trend, which in this case, was down.

Please note, I am not saying that silver will go down! Just that the chart looks bearish.

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Nailed this one. The price went back down to retest the support line I drew.

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