Silver - Bearish Engulfing - Weekly
XAGUSD (Silver) has formed a bearish engulfing on the weekly, daily, and is currently forming one on the monthly time-frame. I will post the daily and monthly point of views in the comments below. The big spike down last month confirms this setup and the target price. Stop loss is set above the highs of the previous week. I would consider this a 100 score trade setup due to the significant bearish engulfing candles forming on the three major time-frames I use. Price failed to close above the down-trending support trend-line.
Note
Daily POV: Note
Monthly POV: 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.