Silver formed a double top pattern, respecting a falling trend line on a daily. The second reaction from that was strong enough, so the price managed to break a key horizontal support and close below. I believe that after a minor correction, the market will keep going lower. Next goal will be a rising trend line. ❤️Please, support my work with like, thank you!❤️
looking at the analysis based on the elliot notation for silver, it looks like it is currently in the beginning of a bullish trend, you can take part in going long by placing a pending order in the SnD area that has been readjusted according to your analysis.
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I am thrilled to share some exciting news - silver has just hit a golden cross! For those unfamiliar with the term, a golden cross is a technical analysis term that occurs when the 50-day moving average exceeds the 200-day moving average. This bullish signal indicates a potential upward trend in the price of silver. This is fantastic news for all who have...
Looking for a entry between 24.4 and 24.8 zone. 1:10 Risk to reward ratio.
when the price rises more than the light blue line, there is a possibility of reversal and the price will reach the SR Flip area in the short term.
Silver made a symmetrical triangle formation from 1988 to 2004 and broke this formation in 2004. Its peak and order block in 1983 worked as resistance in 2006 and as support in 2008 and 2020. I think the peak Silver did in 2011 was an order block too. The reason for this is that this order block was rejected in 2012. The symmetrical triangle formation it has...
there wasn't much change/movement in silver last week, it's still in a correction period so there could be a sudden and quite high upward movement. I stay focused on opportunities to find areas to short.
The silver price is currently near US223.75/ounce, and it has fallen by about 1.4% during the day. If it falls below US223.75/ounce, this will open the way for a further decline in silver prices, and silver prices will continue to be expected for some time to come. The bearish trend scenario. Currently waiting for the silver price to fall below US223.70/ounce...
Silver has been in a low-level shock yesterday, and the current bearish pullback has ended, so today the bearish trend continues to be bearish. Silver @sell23.95 tp 23.5~23.1.
Ladies and Gentlemen, step right up and let the show begin! Please welcome silver, our brilliant artistic performer, in the arena that is our chart… See next: a somersault into the orange zone between $24.45 and $25.05 to finish wave iv in orange, followed by a brave downwards leap to complete wave v in orange as well as wave (a) in blue. Watch with bated breath...
the movement of silver looks bearish, but in my opinion this bearish is a correction from the bullish trend, this analysis will fail if the price drops more than the invalid area. we can take the opportunity to sell when the price of a possible correction rises in the SR Flip area
Silver price resumed its positive trading to succeed achieving our first waited target at 26.07, facing solid resistance there, to show some expected slight bearish bias, waiting to get positive momentum at 25.87 support that assists to push the price to resume the positive trades and breach the mentioned level to open the way to head towards 26.80 as a next main...
Silver touching major resistance area and potentially forming a double top if it can't break above 26.50. I also noticed a double bottom that's playing out on the 15 minute chart that I missed while being away. Could go either way, but I think fundamentals support bulls.
24.90 remains a strong 4 Hr support level. RSI touched my divergence trendline perfectly before price bounced right back up. Waiting for price to cool off a bit before entering long again.
Not perfect, but big shooting star on SI daily chart along with break below the 50EMA on the 4 hour chart makes me think Silver may pullback to major support from 24.00-24.60 before shooting back up. Could the star really be the 2nd top of a double-top? Time will tell. Holding steady for now.
I'm seeing that 4 of the last 6 times that this pattern has played out over the past 4 years, at the first major pullback the RSI continues to put in a higher low. Price then move higher.
This goes along with my ideas on Silver. Weekly DXY Head & Shoulders helping to push up metal prices.