I use a tool called Andrews Pitchfork to find possible support / resistance targets. I have 4 charts that could indicate possible support at this juncture.
At it's basic...... Andrews Pitchfork is three parallel lines. The lines come from the most recent pivot points at a degree in time to form prongs and a handle. It gives you support and resistance targets and possible future trend. The pitchforks in the charts below also have Fibonacci lines between the center median line.
The chart below..... Silver 4hr cycle chart - intersection of support - EMA - Andrews Pitchfork - October 7, 2016
Silver Daily chart - intersection of support - EMA - Andrews Pitchfork - October 7, 2016
Silver weekly chart - intersection of support - EMA - Andrews Pitchfork - October 7, 2016
Silver weekly chart to 1971 - intersection of support - EMA - Andrews Pitchfork - October 7, 2016
At it's basic...... Andrews Pitchfork is three parallel lines. The lines come from the most recent pivot points at a degree in time to form prongs and a handle. It gives you support and resistance targets and possible future trend. The pitchforks in the charts below also have Fibonacci lines between the center median line.
The chart below..... Silver 4hr cycle chart - intersection of support - EMA - Andrews Pitchfork - October 7, 2016
Silver Daily chart - intersection of support - EMA - Andrews Pitchfork - October 7, 2016
Silver weekly chart - intersection of support - EMA - Andrews Pitchfork - October 7, 2016
Silver weekly chart to 1971 - intersection of support - EMA - Andrews Pitchfork - October 7, 2016
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