Silver first drop and after grow --read the details--
Dear all,
First of all trend has turned to positive again(red zigzags turned to green at last). And if you check the retracement of grows since the beginning of may, it is 0.618 or 0.786(not short corrections like 0.382 nd 0.500 level). As you see from the graph we have a trend support at 0.786 fibo level.
So i expect the correction will continue to the trend support and after it will grow for new highs or at least 28.5 level.
this is not an investment advice. take your own risk.
First of all trend has turned to positive again(red zigzags turned to green at last). And if you check the retracement of grows since the beginning of may, it is 0.618 or 0.786(not short corrections like 0.382 nd 0.500 level). As you see from the graph we have a trend support at 0.786 fibo level.
So i expect the correction will continue to the trend support and after it will grow for new highs or at least 28.5 level.
this is not an investment advice. take your own risk.