A large bearish pin bar candlestick has formed off of a key resistance level in silver. Price has been mostly trapped within a sideways range for a number of months. Only once back in April did it try to break it which failed. This is another failed attempt at a bullish breakout and could see price falling lower in the coming days. These are the exact types of candlestick patterns from the exact levels that we want to be looking for and trading. One potential entry we be selling at 16.80 on a 50% retrace of the pin bar, or for a safer entry (with a smaller profit potential) would be to enter on the break of the pin bar at around 16.63. These numbers may vary depending on if you are trading silver using mini futures, micro futures, etf, or CFD. In any case a 50% entry and an entry on the break are 2 common ways to enter a trade from a candlestick signal. The near term support is 16.20-26.25 which would make for a potential profit taking level.