Hello traders.
My vision of the silver market for the next 2-3 weeks.
Entrance: 22.655
TP 1: 25,465
TP 2: 27.190
SL: 22.640
My vision of the silver market for the next 2-3 weeks.
Entrance: 22.655
TP 1: 25,465
TP 2: 27.190
SL: 22.640
Comment:
>>> Entrance 23.265*
Comment:
Update for situation
Next possible target: 23.730 and then possible correction to: 23.235
Next possible target: 23.730 and then possible correction to: 23.235
Comment:
Update:
The next target is 24.300, less likely 24.650. Further accumulation is possible
The next target is 24.300, less likely 24.650. Further accumulation is possible
Comment:
Also, if we do not pass the level 23.570, a deeper correction to 22.990 is possible
Comment:
In my opinion, global growth will most likely end at 26.360
Comment:
No any changes, accumulation and goin up.
Possible target level TP3 from W1: 26.515
Possible target level TP3 from W1: 26.515
Comment:
Next minimum growth level is 25.015
Comment:
Last week was quite stressful for silver, but for now I believe that the uphill movement will continue. In the next few days, a correction to the level of 23.720 or even 23.590 is possible, or a movement in consolidation to accumulate volatility before the impulse. At the moment, the dynamics of price growth is quite uncertain, which is why a deeper correction or even a trend reversal is possible, but there are no clear signals for this yet and I'm targeting the ultimate goal of 26,300 at the very least.
Comment:
After today's fall, a correction to the level of 23.430 or 23.500 is possible. Or continuation of movement to retest 23.020 and trend line with W1.
If we break through the 23.020 level this week, we move on to a deeper correction. I think as much as possible up to the level of 21.410 - 21.395, from which we will return to the global growth trend.
Other possible completion levels: 21.580; 22.165; 22,560.
If the bears are not active enough and we do not pass 23.020, a large consolidation zone is also possible where we reach the uptrend support line and return to the upside.
If we break through the 23.020 level this week, we move on to a deeper correction. I think as much as possible up to the level of 21.410 - 21.395, from which we will return to the global growth trend.
Other possible completion levels: 21.580; 22.165; 22,560.
If the bears are not active enough and we do not pass 23.020, a large consolidation zone is also possible where we reach the uptrend support line and return to the upside.
Trade closed manually