0
791
W1 price crossed yearly Central Pivot at 17.41 from
above to below in May this year: the price is on bearish market
condition with 14.35 intermediate support level located between Yearly
PP at 17.41 and S1 Pivot at 12.66.
- If the price breaks Yearly PP at 17.41 from below to above so we will see the reversal of the price movement to the primary bullish market condition.
- If the price will break S1 Pivot at 12.66 so the bearish market condition will be continuing.
- If not so the price will be ranging between the levels.
Instrument | S1 Pivot | Yearly PP | R1 Pivot |
---|---|---|---|
XAG/USD | 12.66 | 17.41 | 20.45 |
Trend:
- D1 - ranging bearish
- W1 - ranging bearish
- MN1 - bearish