Here i illustrate the three possible shortpositions which are generated by the SHSS & SHS formations
H&SS & H&S ... WHAT......??? Enjoy this formation..the litte H&S will be triggered if xau is traded below 14.3/13.9 ...TPs: have a look at the chart Former Analysis: AND HERE IS THE EXSPECTED MIDTERM SELL-SIGNAL! Selling the Pullback was a great idea! Now we see the next sell-signal with target @ 12,5$!
SELL THE PULLBACK??? My expectation from my former analysis did not occur - but my exspectation of my analysis "On its way down " is right again. The shortterm downtrend broke and silver jumped to it s breakout Level @ 15.40$ again. This Niveau is corresponding to the Minimum correction fibo 38,2 Level . This is the MoB or the Level to watch!!! Bullish view: Should silver enter the old trading box between 15,4- 17,4, the swing target should be the upper edge of the box @ 17,4$. This target is only active if silver can trade above the moving averages (yellow oval) On this way up, several resists appear. Here are based the sma&ema 200, paired with the Maximum correction fibo Level 61,8 @ 16.3$. These Levels are possible Turnaround or Pivot Levels. (Grey arrows)
bearish view: The main trend wins the fight, so the resist @ 15.4 can not be taken out of the market. A dip to the former low @ 14,3 should be exspected. Trading under that low will initiate a selloff with target 12,5
Next Down-Wave? Silver is following exactly the 1-2-3 green trend-counting! Trading below the last green "2" generates the next shortsignal with target 14/13.5$
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