August 17, 2011

Rising Wedge of SILVER

  • Silver four hour chart is showing a bearish rising wedge pattern.
  • One can try to remain short from the hourly chart.
  • Price falling below 50 Hour moving average will favor bears. Bigger fall below 200 Hour moving average.
  • Rising wedge will become invalid if the resistance line gets broken.
  • US DOLLAR TESTING SUPPORT LEVELS

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