AS I STATED EARLIER ON 12/3/2021,WHEN THE UPTREND IS BROKEN DOWN DECISIVELY , KEY LEVELS SUCH AS 24 AND 22 COULD BE REACED EASILY, FIRST DOWNSIDE TARGET WAS CAPTURED ABOUT A WEEK AGO.
ALSO , SILVER HAD FORMED A SIGNIFICANT BEARISH BAT PATTERN WITH PERFECT SHARP REVERSAL AFTER TESTING THE ENTIRE PRZ(29-30), ALTHOUGH THE 38.2% AND 61.8% PROFIT TARGETS WERE EXCEEDED. AS I SIAD BEFORE BEYOND THE 61.8% THE PRICE LEVELS AS MEASURED FROM THE PATTERN‘S LOW TO REVERSAL HIGH IS STILL IMORTANT TO MONITOR TO ESTABLISH NEW PRICE OBECTIVES, SO THE 23.8, 23 AND 22 SHOULD BE IN FOUCS. BUT WE‘RE WARNING AGAINST BREAK DOWN 22 LEVEL ,BECAUSE BREAKIN THAT LEVEL OPEN THE DOOR TO AN EXTENSION OF DOWNSIDE LEVELS MAY REACH $14
ACCORDING TO THE NEGATIVE MOOD THAT DOMINATES SILVER, IT IS POSSIBLE TO BREAK DOWN 22 LEVEL AND HIT 14
NOTE: DON‘T RULE OUT A CORRECTIVE BOUNCE BACK TO 27-27.5 BEFORE HEADIND LOWER AGAIN
