June 23, 2014

 
  • Silver above 50 Week SMA and the Falling resistance line of Weekly chart.
  • Possible resistance in weekly cloud. Last attempt to move up was stopped at the weekly cloud. For silver bulls to extend this up move price must move into the weekly cloud.


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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore