silver4-1024x421SILVER (H4): In a downtrend

Forecast: Rebounding from resistance/downtrend line vicinity

Alternative Scenario: Stronger correction defeating abovementioned levels

Comments: Silver moves in a downtrend – yesterday bullish signal candle formed

Payout: PUT @ 16.00 à 77% return expiring at 20:00GMT

SIL_screen 23.04

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Damian Chmiel
http://financemagnates.com
Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.

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