Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
17 July
Video analysis:
Silver has collapsed again, this time from resistance at 5770/5800 to my targets of 5760/5730, 5660/40 & the June low at 5590/5560, exactly as predicted.
The break below here was expected in the bear trend!
Next target is 5470/5430 for profit taking on shorts.
This has been hit over night & further losses are expected to 5370/50 and 5250/5220
First resistance at 5570/5600 & shorts need stops above 5620.
Next resistance at 5660/5680 & shorts need stops above 5720.
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Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
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Jason Sen, Director
https://www.daytradeideas.co.uk
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