Silver is trading within 1,5 years consolidation range.
Now the price is approaching its support.
21.6 - 22.2 is the area on focus.
Be prepared for a bullish wave from that structure.
Your swing confirmation will be a bullish breakout of a major falling weekly channel
(the price is steadily falling within that for the last 4 months).
Most likely bulls will aim at the range's resistance then.
However, start protection of your position from lower levels.
First support to watch: 24.8
Bearish breakout of range's support will signify the initiation of a global bearish trend.
โค๏ธPlease, support this idea with like and comment!โค๏ธ
ืืขืจื:
Watch my new video on EURUSD:
โ
Join My Telegram Channel: t.me/VasilyTrading
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ