If we look at the daily chart of the Silver commodity asset, it can be seen that the Bullish Pitchfork Channel has formed where Silver's position is currently trying to test the Upper Pitchfork where the level to be tested is 22,190, but because of its failure to reach the upper line of the Pitchfork, which made the Hagopian Rules condition so that Silver is now is below the Pitchfork Middle Line coupled with the emergence of deviations between price movements and the CCI indicator, if Silver turns down to penetrate below the 19,375 level, it is very likely that the Bull scenario described previously will cancel itself.
Relevance up to 05:00 2022-11-26 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
