HomeTechnical AnalysisSilver. Fractal analysis.

Silver. Fractal analysis.

Good afternoon, colleagues! We continue to analyze the dynamics of an interesting trading tool. After we successfully predicted growth at the end of last week, silver continues to look strong enough. The fractal structure, which is being formed in an hourly chart  was found with 90% accuracy, whereas the area of optimization posted 87%. Based on the forecast, we can assume the correction towards ??27.50-27.80 range on Monday. Then I anticipate further purchases for the rest of week, until the price reached potential target at 29.50.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst

E-mail: dmitrievsky@forex4you.org.

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