Silver pressured down after daily Torch Sell Signal

Discussion in 'Commodity Futures' started by dima777, Sep 7, 2021.

  1. dima777


    Silver under the significant bearish pressure today after the price formed the strong multi candle reversal pattern – Torch Doji (which is also a Flying Candle). Its strength is ranked by Candle Radar at the 15.5 CandleScore level). The bearish potential of this reversal signal is increased by the overbought reading on the daily Stochastic indicator and by the signal being aligned with the active daily downtrend (54% strength). Next Supportstands at the Support level 23.75.