Well it could be a bear penant of sorts. As far as i can see the the price has touched the bottom 3 times now. And the top only twice. I dont know if this means anything, but i mean if price doesent break up from here fast, then what? Well i looked at the 1H and its a bearish DIV 0.33% right here. The 3 last Candles on 1H also look toppish. So when silver -0.28%...
Silver can hit upside one more time within the large degree corrective structure.
XAGUSD is almost ready for another drop to make wave (Y) which targets 18. For more safe entry, sell the breakdown of the lower band of the triangle.
This is a revision of the previous analysis that I did on Silver. Let me start off by making clear that I am still very much a bull on Silver. The price action looks very impulsive since the start of this year and does not really fit in the price action of the multi year bear market before that point in time. Therefore I revised the wave count to give you some...
1. Price is hugging the top all the way. When it dipped, it formed a bullish divergence. So what up silver? when you gonna break this?
Hey. Just a quick chart on silver. I mean that could be a bearflag. And if it completes its going to send price below a significant trendline, and then what?
Obvious weakness,as the price fails to advance above the 0.382 level. Obvious lower lows and downtrend. Close long positions and sell.
MY VIEW ON SILVER - STILL BEARISH TO ME - LOOKS TO BE IN 2618 FORMATION WHICH COULD SEE US COMPLETE THIS CORRECTIVE STRUCTURE. CURRENTLY OUT OF THE CONSOLIDATION AFTER A GOOD POWERFUL MOVEMENT ON FRIDAY BUT WILL BE LOOKING TO LONG THE BREAKOUT AROUND THE SUPPORT AREA 18.000
Reasons To Go Short silver Below 18.950. Bearish Flag Strong Continuation Pattern Market Is In Bearish Momentum Major Resistance At Top Sideways Consolidation Institutional Seller Orders Standing Below 950 Level An Impulse To Downward Side U Should Trade The Next Impulse to Downside For Profits Best Of Luck!!! ...
Silver has begun to complete its correction after obtaining the high post BREXIT. Similar to gold, silver is currently in a bearish trend. We have broken technical trend resistance some 5 days ago, but silver has been hanging around a little bit with gold as the bulls take their time to lose confidence. Also similar to gold, we are long term very bullish, but...
Silver was in a corrective 4th wave triangle and it just finished today. The 5th wave should take us up all the way to around 22.100 . If you want to be on the safer side, wait till silver breaks the upper side of the triangle then place your trade. Buy 19.670 SL 19.472 TP 22.100 Good Luck
Based on previous structure, and unchanged fundamentals, I am going long on silver for the next week. TP = 20.4 SL = 19.4 R/W Ratio = 1.87 Sharing my view :)
The SOLID GREEN LINE will provide a historical support for SILVER. But also if you see the SOLID BALCK LINE around $30 may act as a resistance line. Also the DOTTED GREEN AND RED line is a possible channel trading in coming days/months. Silver is a overall BUY for next few months.
DXY finished wave 2 and started wave 3 targeting 98.5. I will update the chart when needed.
A POTENTIAL PRICE TRAIL FOR SILVER IN THE UPCOMING MONTHS, LOOKING TO ACCUMULATE A LONG POSITION WITHIN AUGUST/JULY FOR NEXT LEG UP