Silver Drop??OK, so I see a three point touch forming on the upward trend line on silver. It might break because of the three points, and the downward trend line only has two points meaning that the momentum and that direction is a little bit weaker for breakouts. So I drew a Fibonacci and I'm looking at the retracement which retrace to the golden zone of 61%, and I'm thinking that it's gonna go down to the extension at -61 but could also possibly go down to -27 because it reached the blue line as well that's where it reached in the retracement. Since the touch points are stronger for a bearish breakout that is where my bias is however, silver is overall bullish so I know that it wouldn't last long. But yeah, so with the trendline break, and the Fibonacci tool I'm thinking that price is going to go down on the four hour.
