3.27 Evening The overall silver trading range is around 67.3-70.3, experiencing fluctuations and consolidation, with both bulls and bears battling within this range.
From the hourly boll view, the previous channel has maintained a parallel horizontal movement, with no obvious trend guidance. However, as the market progresses, the three lines have begun to show signs of diverging downward. The bearish structure is gradually taking shape. Silver briefly broke through the mid-track resistance during the fluctuations, and even tested a tentative upward movement beyond the upper track. However, this upward movement lacked sustained buying momentum support, belonging to a technical false breakout. After the selling pressure appeared above, the price quickly retreated from the highs and returned to the channel. Subsequently, silver started a continuous downward trend, effectively breaking below the mid-track support, and further causing the mid-track to also turn downwards, further confirming the dominance of the short-term bearish trend. This false breakout beyond the upper track leans more towards a baiting action within a bearish market, and does not reverse the overall weak pattern. The trend of the three lines diverging downwards, combined with the loss of the mid-track level, indicates a generally bearish trend.
(70.3 entry, 71.2 add, 72.0 defend, watch 64.5-62.8)
As the weekend approaches, no one knows what will happen with the golden retriever over the weekend, so Old He reminds to not hold positions overnight!!!!
The above is a personal opinion and does not constitute investment advice.