Silver Breakout fail? This is the bearish idea!

Lets keep it semi simple.

I posted a few silver charts, and as I haven't really changed my position. I have came across another pathway that doesn't go in my favor that I just cant ignore.

Check my other charts on silver to see more detail into this trade idea. They are more bullish then this possibility.

I've labeled some worse case scenarios and possible wedge fails with levels of support. I know everyone wants silver to boom, only time will tell.

My indications and more thought are detailed in my other charts.


Happy Trading, debating and speculating! I want everyone to win! FOLLOW for UPDATES!

Сделка активна:

just a small update. in the buyzone deep, will it bounce to a breakout? or fail to lower buy zone?! I try to stay bearish in these times, does that mean bullish for silver? Will update

Сделка активна:

were in the buy zone, but I dont like it one bit! I see short squeeze fire on the WEEKLY, right at a crucial point, NOT good. Im expecting a breakdown to the 13.5 area.

If it does this, then I am going to be looking for bearish metals for 3 to 4 years, to see silver at the 10$ mark.

Сделка активна:

no surprise here. daily has fired SHORT. wedge has failed. looking for the next support at 786. Then a fail after some consolidation and bounce plays, straight to the $10 mark in a year or so.