While bears aren’t normally known to be jumpy, the bears on the silver market have just shown signs of scariness. They must have been so focused on their way downwards that they didn’t realize how close they had already come to the support at $21.98. Although they have shrunken back from this mark, we expect them to pick up courage again quickly – after all, they...
We're looking for the LONG in SILVER - XAGUSD We have hit the 618 retracement of the previous swing ( 15.12.2021 - 08.03.2022) We are approaching a 1.272 extension of the last minor swing (28.03.2022-08.04.2022) There is a buying tail now except we have no real evidence of buyers yet. We could see further decline to 707 or 786. The 786 happens to match up with the...
The rock band “Tenacious D” consisting of Jack Black and Kyle Gass must soon face competition, namely from “Tenacious B”. The bears on the silver market have rightfully earned this name by perseveringly dragging silver further down despite recurrent countermovement. The expression “to bear up” doesn’t exist for nothing, after all! We expect the bears to keep going...
Hi In abc construction, we are in ending c wave. Now c has ending diagonal and this structure is confirmed by macd in 4h. Have good trade
Silver is being a bit stubborn these days. After finishing wave (x) in blue at the lower edge of the orange zone between $27.39 and $28.66, it has generally been moving downwards. However, this movement has time and again been interspersed with upwards twitches, which have lately returned it to the mark at $25.49. Nevertheless, we still expect silver to continue...
Silver has broken the short-term trend line and is likely to drop as it is highly likely that this instrument will retest the weekly support before making any move to the upside. Currently, 25.45 could give us a selling opportunity with a target @24.32 If you find value in this analysis give a thumbs up and also share it with friends.
That was a close call! Silver has missed our alternative scenario by a hair’s breadth by popping above the resistance at $25.49. As it has gotten its act together just in time though and has drawn back again, we still expect silver to return into our pink trend channel to move downwards below the support at $21.41. However, although it has been narrowly avoided,...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Silver. The chart is self-explanatory. Silver price has been climbing up the local support trend line. RSI is about to reach the overbought area. Silver price has potential to drop. It may be supported by the 0.236 Fibonacci Retracement level as well as the strong...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
When the gold/silver ratio breaks down, the evidence is clear. A rally in both metals will occur soon after. Silver benefits much more from this ratio breaking down than gold, however both metals will rally.
crab harmonic pattern: X=$71.64 A=$1.55 AB=0.38 XA BC=0.38 AB 1.6 BC=$9.48 2 BC=$11.74 2.24 BC=$13.43 2.6 BC=$16.59 3.6 BC=$29 0.78 XA=$31.54 4.23 BC=$41 0.88 XA=$46.28 1.13 XA=$117.92 6.85 BC=$177.21 1.27 XA=$203.24 1.41 XA=$344.94 1.6 XA=$765.62
Just my idea, just my trading strategy I want to share. Not a financial advice. Do your own research.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis
Hi In advance assuming that SILVER is doing a INVERSE HEAD & SHOULDER as of now this pattern is in formation so still we have to wait & watch in silver for big bull run in it or if it start trading above 24.82 then it means silver moving toward 28.00 level. Make a note that this courter is not good for short......wait & watch to go long in it. Enjoy....!!!
Silver is at support with 9th Aug. It is also at a 1.272 reversal (Orange). This is our first chance to go long (1st yellow bubble). First target will be the breakout lower at 23.360 If the price action remains bearish the next support and next opportunity to go long will be at 22.00 (2nd yellow bubble). This is a very important support. If it breaks there will...
In Weekly time frame price has formed a line formation, and currently siting on a support area. As a result of this important support area price structure in 4H time frame has shifted to bullish as you can see and price is creating a HH and HL. Now price is above 4H timeframe 144 EMA and also price is in bearish corrective move for retesting a previous resistance...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.