Area of interest at 17.32 Short - Respected weekly support channel Since February 29th - Wedge pattern forming in weekly time frame - Harmonic move A,B,C,D - RSI Divergence down - Most often When EMA is broken on 4 hour chart, the trend continues - Target 1 15.33 - Target 2 14.25 Good luck in trading!
Very good entry on this last counter leg bounce of silver. A lot of traders ask me now what? Now the current trend line on hourly chart has lust broken.You can wait for a re-test of the trend line nad short it. Keep in mind that fundamentals stay unchanged supporting a price near 15$/OZ area. TECHNICALLY 1.WE CAN SEE THE 61,8% FIB RETRACEMENT OF THE INITIAL...
When look at silver on the daily time frame you can see that it has broken the lower range of a small channel and is now heading to the lower range of the bigger channel. Given by the looks of the Indicators it looks like theres enough selling pressure and strength for silver to break through this lower channel and 14 EMA level. The previous up wave got rejected...
Silver is still bearish when looking at the indicators. I expect it to touch the lower range around 17.5 and a possible break of the range from that point. The past years silver seemed most comfortable in the 15.500-16.800 zone. This sunday we have the french elections, I personally expect that Le Pen wont win, giving the Euro a boost on monday. However I also...
Short between 1290-1310 Tgt 1255-1200-1166 Stop Loss 1325
A couple weeks ago I expressed a bullish thesis on silver given the chart patterns, and if the charts acted the way I thought they would've if the underlying asset was truly bullish, we would've gone past the 18.50 level. However, at that level it appears to have created a double top over the course of two months. If it closes below it's 50 and 200 MA I will look...
Still experimenting XABCD, Fib, and all the basic rest. Stop loss at 18.60, few capital at risk. No target settle, to each is own feeling I guess. Cheers :) PS : Long would be a good strategy for very long term, what ya'll think ?
Both a short term and long term position have been cast. I'm still trying to incorporate the fib circles to the charts, but beyond that, even more basic chartism seems to indicate this too.
For silver we can see a strong Resistance around 18 level its rejected that area many times if hold below we can see a drop towards 16.5-16.7 Advice to sell in range of 17.45-17.7 sl 18.1 TP 16.5
Dont know why will fall to that lvl's ...! Maybe i'm wrong ... who know !
There was a clear break of the downtred with wedge formation towards the end of 2016. A strong support was established at 17.20 (blue line). If it bounces back up, we might expect a new test of 18.50 level (green line). If key support line fails to hold, we could see price going as low as 16 to 15.80. Shorting seems like an interesting position in the short...
My vision on Silver is still the same as described over a month ago: Price of XAGUSD reached 200 day moving average (green line) while 18.24$/oz is a 0.618 fibo. Please also have a look at the stochastic indicators below the chart. In my perception price of silver will move slightly up or sideway, touching red box. The main downward move will happen in...
Hello Traders, Today we would like to present you TVC:SILVER as it seems to decline in near future. Let us break down the analysis. Starting with the fundamentals/macro overview as usual: TVC:SILVER is currently not a very much watched instruments in the financial market, however it shows some interesting pattern. These pattern we would like to provide...
Silver sell advice on Strong Supply zone. Sell in range of 18.22-18.6 sl above 19 tp 17.2
Looks Bearish As i can clearly see bears selling at top and no sign of bulls here same for gold as well short at price around 18.050 is nice price as this is very expensive now and no one like to hold this trade on long side. Good luck Muze(xag/usd)