SILVER:
Date: 21 March, 2017
D1 Graph: Medium Term long Trend, Short term long move
Price broke up the downtrend diagonal resistance and it came back for retest, as that last drop of the price stopped exactly above the diagonal support, horizontal support at 16.700 and close to FIB 50%. Price again starts to head up and possibly to continue going up.
DEM: In the oversold zone and turned up for possible long
CCI (50): Passing above 0 - Signal for possible up move
Alternative scenario: If the price starts to fall again and passes below the previous bottom and below 16.70, this will cancel the bullish setup.
Price for Entry long around: 17.350
SL: 16.650
Trader - S. Fuchedzhiev
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