price if silver is stuck between 18.5 and 16.5. the sellers push it up from 16.5 till 18.5. the buyers push it down from 18.5 to 16.5.
it is an interesting sideways movement where we can expect a bullish/bearish breakout. personally I am expecting some fake moves to trap
the early sellers. but knowing the uncertainty in the world, the price can make a push above...
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
We will not be surprised if silver fuels from lower levels starting from now. Target is quite down so our stop is spread and leverage is low.
Have a nice week! Follow for more.
Silver spots short-trigger confirmed
IF green box hold strong and consolidate as a triangle, close shorts
IF the red box holds, take some profit, and add shorts on all the bounces
Main Target: 9-11 usd
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Hi guys. This idea is a long term analysis of the Silver bullish trend (probably bullish).
My tactic for silver is to wait until the point (C) is reached and to expect for candle confirmation of bullish trend continuation.
If you are looking for a short-term trade on Elliott corrective...
If I am staying bullish on Silver in the medium to long-term, price consolidation continues in the short-term. Hence, a return of the price to the support area at $ 16,650/17,100 is likely in the coming days.
Price could hold support off the 55 MA
if it does I would expect it to come up
to complete a H&S Pattern this comes
in line with the 50% - 61.8% fib Level
form a rejection candle and drop
Price could turn around
at the trend line if the buyer
fades here and gives up
look for a rejection candle
and for price to fail the
XAGUSD has been in an uptrend as we said before and this uptrend is in a bit of pause. So we spot a short possibility and we get in. Risk/Reward isn't as good as before but the possibility is high.
Have a nice day!
Silver is a strange one, the chart looks like a volatility chart, ie sudden spikes up, which then slowly fade (unlike stocks which do the reverse).
The last cycle from Jun 16 to Jun 18 was a classic bearish descending triangle. Price action from summer 2019 looks remarkably similar to May 2016 onwards, we are now at Nov 2016, which means this is just the place to...
In this long term chart of silver, a ascending broadening wedge is present, which led to a bearish breakdown. A falling wedge which led to a bullish breakout. A bearish descending triangle, and a recently formed bull flag that may lead to further upsides. Rising MACD supports this idea.