SILVER (XAGUSD): Bearish Outlook & Breakout
↪️An important dynamic head and shoulders pattern emerged in 📉SILVER on a daily chart.
Following a bearish reaction last week, the market experienced a sharp decline, breaking through both its neckline and a minor horizontal support level.
These two broken structures now make up an expanding supply zone. I plan to consider shorting from this zone, expecting a bearish trend to continue towards the support levels of 28.62 and 28.00, psychological level.👍📉
Following a bearish reaction last week, the market experienced a sharp decline, breaking through both its neckline and a minor horizontal support level.
These two broken structures now make up an expanding supply zone. I plan to consider shorting from this zone, expecting a bearish trend to continue towards the support levels of 28.62 and 28.00, psychological level.👍📉
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