XAGUSD 1D short

20 באוג׳ 2017

Silver is going up and down inside a linear regression channel while this channel is pointing downward. There have been 3 bearish jeddingen divergences (divergences of price vs. momentum) that have been very accurate. Right after the occurance of such a divergence, the uptrend reversed and price was going down for several days.
Last week we saw another bearish divergence while price almost hit the upper barrier of the linear regression channel. Trend could reverse and the price might fall very hard.