THE ICHIMOKU PROJECTS STRONG LEVELS OF SUPPORT AND RESISTANCE THAT ALLOWS US TO GAUGE RISK/REWARD. BY USING MULTIPLE TIME-FRAMES TO DETECT THE SHORT-TERM FRACTALS WITHIN THE LONGER MORE PREVAILING TREND YOU CONFIRM A TREND BY DEFINING IT (LOWER LOWS AND LOWER HIGHS & VICE VERSA). THE RSI GAUGES THE TIPPING POINTS OF MOMENTUM, LIKE IF A PENDULUM'S SPEED WAS GAUGED...
Don't have to say more... good luck and enjoy!
Silver built a perfect cup and handle in the past month and now it's primed to go up. Gold has been the leading metal as usual and watching most USD pairs you can see they as well broke out from old resistances. The weekly resistance for silver, which i'll show in the updates, should break once the cup and handle plays out. This will send us to 21-25...
Silver is already under an undervalued asset but we can expect even further price drop due to its manipulation which will happen in 2019. The diagonal support (yellow) was already broken twice and there will be a drop to $10-11 levels. When it will touch psychological barrier of $10 we can expect rapid growth (following green curve) which will cause price...
Resistance levels: 17,23 + 17,67 + 17,91 Support levels: : 16,96 + 16,60 + 16,26 Retrospective view : Since the beginning of July, silver has been in a further upward trend, which started just below the USD 14.50 mark and initially pushed the value above the USD 17.91. Silver began a strong correction in September, which found support at 16.26 USD. Starting...
As shown in the '4H' candle, the support is now tested at the 'A' level as shown in the figure which represents the falling trend after the break (the exchange of roles between the resistance and support levels) Again, and directly support the "B" "directly, but the false break will confirm the price rebound to the region '' I '' as the least estimate
It is the last wave of elliot wave pattern. I expect, sharp fall will happen. Target 17.800
Waiting for price to move to the 18.00 for a Sell trade, however two possible Buy trades in the 17.00 area and an even greater build up of orders around 16.80 area
Long silver and the target is previous supply structure.
Based on the conventional way of trading, support and resistance level will always work regardless of the market trending/ranging/consolidating. As per the drawings shown on the chart, there is two heavy resistance bound to be tested this week. Support was clearly "Supported and "Hold" as the price didn't manage to "flush" it down during the market opening (No...
I see two scenarios for the moment: 1) The silver-price is leaving the trend-channel and furtheron rising to the fib 38% + MACD must rise immediately 2) the silver-price is falling back to trend-channel and continuing its fall to about 15,31$ (black line - coming from past turning points) - MACD stays in negative terrain and is even tumbling deeper I would...
Currently rough in a neutral area with a relatively bearish tendency, the following analysis is a personal analysis and represents my point of view We have three Importantes points False fracture: support for landing Break Resistance: Support Landing Continuing in this area: support the rebound Follow me (for more ) on Twtr : Alaed1ineha or insta : Alaedineha
My previous recommendation on Silver to short at 17.30 for a target to 16.85 was successful, For now a top of the head & shoulder pattern is completed, expecting for the right shoulder to be formed to confirm the pattern. Intermediate trend looks to be bearish now as it broke the multi-days bull channel & all momentum indicators are turning bearish so a lower top...
I am looking to short around 17.30-50 for a target to 16.81, Stop above 17.85
Silver (and gold) has a good run. Now a consolidation (or more?). That can we see what structure they build. So be carful till it's clear. If silver is above 17,30/50 it is long for me. So wait for the flag and look the way. Good luck guys. Normally a would say the market is bullish but the metals are so manupulatet more than other markets.
Silver should be bought at perfect entry! You can buy @ 3 entries ! First entry : buy now ! Hold long term TP 18.60 Second entry : buy at 16.20 and TP 1.20 Third entry : buy @ 14.50 and TP 19.50 Martingale theory can apply in buying Silver ! Example buy 1 lot XAGUSD at first entry The price drops and buy 2 lot at 2nd entry The price drops and buy 4 lot at 3rd...
Silver has hit it's resistance line of 16.84 and after the non farm payrolls, it has fallen. RSI and MACD are both in a down-trend, and price is also below its 200 EMA. In my opinion, that's a few good reasons to go short.
Base on channel, I believe will be down and would be same with Gold reaction