While many people have started to turn bullish on $SLV, stating it's undervalued (which it very well may be), looking at the chart tells a different story. If you zoom out, SLV looks to be correcting still. I see three possibilities in price action from here, and all lead to lower prices in $SLV. While there may be a squeeze higher in the short term, I can't...
Hi Traders, This is my view for this week on: - SPX500 - NAS100 - SILVER - CHFJPY - EURUSD - GBPUSD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to...
This weekly chart of Silver/USD shows the next target of the Fibonacci 0.618 extension level which is the 17 area. The double top and trendline bounces can be seen clearly in this timeframe as well but keep in mind prices can move up and down in the short-term, rely on lower time frame analysis for better entry prices.
After the false up break of resistance from late May and the beginning of June, Silver has started to drop again and, last week has finally dropped under important 20.50 support. Now Silver is trading also under 20usd figure and there is a high probability of down continuation. Rallies above 20 should be sold with a target of 18.90 support and negation above 20.50
Hey traders, Silver is currently approaching a year's low. Depending on the reaction of the price to that structure, I see 2 potential scenarios: Taking into consideration that the market is trading in a bearish trend, we will most likely see a breakout attempt 20.46 - 20.66 horizontal support. Its violation and daily candle close below that will most likely...
Update for Silver. As you remember, traders, we were preparing for a structure breakout attempt yesterday. The price easily broke and closed below 20.44 - 20.94 demand area. The broken structure turned into a supply zone now. I expect a further bearish continuation to 19.69. Consider an occasional retest of a broke structure for entries. ❤️If you have any...
Price action analysis on silver. Potential scenarios explained. Trading recommendations given. ❤️Please, support this video with like and comment!❤️
Chart Story here is.. from a Ascending broadening wedge the bears took it down.. and there was a great chance that a Bullish divergence would appear. It did... course went up and so a Descending triangle formation was there to bring the course down again. Because the price then widens a bit on the downside in a sideways move, I consider it a Right Angled...
Looking at the chart and In my opinion one should short Silver. Because it might lose it value.
Brief downside manipulation to absorb sell orders time for longs.
Hey traders, Silver is trading in a bearish trend. After a recent retracement, the market formed a cute head and shoulders pattern on 4H. 21.28 - 21.47 is its neckline. Wait for 4H candle close below that as your confirmation to sell. Then open short aggressively or on a retest. Goals will be 20.93 / 20.7 Good luck! ❤️If you have any questions, please,...
Silver reached HTF resistance confluence(blue) and firmed a HUGE head& Shoulders. After a break of neckline a small H&D is forming a gain, at the retest of the bigger H&D. High odds for sell. Like and subscribe. Note: Manipulation occurred to the downside recently, which is not good for sell positions......
Silver seems to prefer things a bit more complicated, and thus has made a detour back above the mark at $21.25. However, as long as it stays below the resistance at $22.56, we still expect silver to directly continue the descent below $21.25 and into the lower orange zone between $18.78 and $16.88, where the overarching downward movement should end. There is a 38%...
Price action analysis on Silver. Structure & key levels. Directional bias and thoughts. ❤️Please, support this video with like and comment!❤️
On a today's live stream, we analyzed Silver. We spotted a confirmed breakout of a wide demand zone on a daily. Now the broken structure turned into a key resistance. From that, I will expect a bearish continuation to 20.66 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
pair trading within triangle i expect fall from this level to support until will start rising wave from support at 21.50
After some deep diving into this chart We got about 4-6 of down trend left on here IMHO Green 1st Yellow 2nd Red 3rd Blue final shake out
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD (Silver) Sell. Enjoy the day all. Cheers. Jim