March 17, 2011

SILVER Bearish Engulfing pattern.

SILVER WEEKLY CHART
  • Silver weekly chart with a possible bearish engulfing pattern.
  • If this one gets confirmed we may see price slide back to the trend line shown in weekly chart.
  • For bearish weeks to unfold price has to close near 34 levels. This will make sure that the body of the previous two bullish candles will be engulfed by this bearish engulfing candle.
  • DOW JONES ANALYSIS

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