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According to the chart of M30, SILVER produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 30.15 while the median line of the Neck is set at 30.73/30.77. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of SILVER will go towards 30.80. FX.co ★ SILVER M30: Inverse Head and Shoulder
Signal strength 3 of 5
SILVER M30: Inverse Head and Shoulder
According to the chart of M30, SILVER produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 30.15 while the median line of the Neck is set at 30.73/30.77. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of SILVER will go towards 30.80. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade