Saturday, 23 April 2016

Silver daily & weekly charts, ST correction due, LT down trend line broken

Daily chart. 5 waves up suggests the trend has turned up, but that a ST correction is due.

Weekly chart. The LT down trend line has been broken. As a trader, it's tempting to hope for a new up trend to begin immediately, but another possibility is a broadly sideways trend for many months, before either an up or down trend begins. Let's see.

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