Silver is seen to be trading at $17.70 levels at the moment, might be looking to print another intermediary high before $17.80 level before reversing lower. The wave structure indicates that Silver should remain below $18.00 level and push towards $16.50 level at least. Please note that the possibility still remains for a deeper correction towards $15.30 level as well before the metal turns bullish for medium term. It is hence recommended to remain short with risk at $18.30 level for now. Immediate resistance is seen at $18.00 level, while support is seen at $17.00 level respectively. The metal should be looking to form bottom at $16.50 or produce a deeper correction towards $15.30 levels. Trading recommendations: Remain short for now ADD ON RALLY , stop at $ 18.30, CLOSING BASED a target is open. Good luck!
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HELLO TRADERS,
HOLD ALL OPEN SHORT POSITION DONT WORRY ABOUT SILVER, GOLD UPSWING. MARKET ARE READY TO DOWN SWING
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SILVER TOP PRINTING LOOKS LIKE EXTENDED EVENING STAR
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28 JUNE 2016
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Silver Technical Analysis for June 29, 2016. Technical outlook and chart setups: Silver is trading higher at $18.20 levels at this moment, looking to push towards $18.50 levels (major resistance on the weekly chart), before giving in to bears. The wave structure reveals that Silver might have topped out at $18.30 level or should produce a top at $18.50 level and produce a meaningful correction lower. Please note that the downside potential remains up to $15.40/50 levels, which is also fibonacci 0.618 support of the entire rally between $13.60 through $18.30 levels earlier. A break below $17.00 level would instill further confidence towards lower levels. Hence wait for the right opportunity to initiate short positions again. Immediate resistance is seen at $18.30/50 levels, while support is at $17.50 level respectively.
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30/06/2016 HELLO TRADERS, GOOD EVENING FINALLY SILVER HITS MAZOR RESSITANCE 18.49 NOW WE ARE LOOKING TO SEE IF SILVER CLOSE TODAY ABOVE 18.30 THEN AUTOMATICALLY STOP LOSS HIT AND EXIT FROM SELL SETUP.
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ALTHOUGH SILVER WEEKLY MAZOR RESSITANCE 18.46 TO 18.50 IF CLOSE AND PLEASE EXIT ALL SHORTS SETUP thanks you. with regards rupesh kesarwani
Trade closed: stop reached
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Comments
DownUnder
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which way now you think ?
Rupesh003
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almoni33
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we shall see. i sold all my units by 17.94 so now iam ready for new cheap silver
Rupesh003
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For given target periods approx 4 months
almoni33
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price is much more important for me than time- so if i will be able to catch 13 usd per silver oz no matter it will be august or November
Rupesh003
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According to EOD CANDLE STICK s signalingng that is upside is over
Rupesh003
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But we should always play with SL
almoni33
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if i will buy from 13 - i dont need stop loss
market give me 10 ?what a danger here
Rupesh003
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I just remind you that about STOP LOSS because REVERSE HEAD AND SHOULDER PATTERN AUR DEVELOPING IN CENTAR AND NECK LINE IS 18.00 OZ
IF SILVER IS MANAGE TO SUSTAIN AROUND 17.80 THEN SILVER WILL PRINT ANOTHER ONE HIGHS. AROUOND 20.00 OZ. DONT BE RELAX UNTIL SILVER BREACH 16.90 OZ LEVEL.
Rupesh003
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But this reverse headnshoulder pattern will break neck line this is less chances.