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.
I'm seeing a bullish RSI divergence coupled with a descending triangle on the 4H silver chart. I see a similar setup 5 times in the past year and each time the price went up. Am I seeing this correctly?
Silver is one step away from reaching resistance on the MONTHLY, it has increased a lot, a lot, but it will soon reach the area where many will close their profits. There are many institutions that take profit in this area, so this area will become more and more difficult to hold and thus it will weaken a lot, in addition, RSI is super overbought and this shows...
Silver and gold tend to move in tandem so this is not breaking new ground. See my post on Gold... link below This is a monthly linear chart. Keep that in mind. The proposed move will take some time for momentum to develop. As labeled on the chart I am expecting a 3rd wave down of "C" to commence soon. Commensurate with gold. Price pattern is strikingly...
A combination of silver on the brink of breaking below its tight uptrend channel and a strong textbook bearish divergence in play.
Silver prices shows positive trades now in attempt to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for today, which targets testing 25.30 as a next station. Therefore, no change to the positive scenario that depends on the price stability above 24.90, as breaking it will force the price to turn to...
We have identified a rising wedge. We expect the price to hit the previous resistance but expect it to be reject and drop-down back to the previous support levels. We also noticed the bearish cross-over on the MACD-line and bearish divergences. Short on the 4h timeframe - Entry price 24.54 Exit price 23.275 Stop loss at 24.8 Risk reward ratio: 4.87
Silver is unstoppable. The market keeps growing like crazy. Here are 3 important structure resistances from where we may see a pullback. Resistance 1: 24.28 - 24.63 area Resistance 2: 25.82 - 26.22 area Resistance 3: 26.7 - 26.9 area Consider these structures for pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️
SILVER grew forced by the lost trust in BANKS, so that precious metals rose in front of GOLD, but once the banking market calms down, a price correction follows that will bring down the price of metals. In addition, a rising wedge has formed on the 4h chart that can be broken at any moment. So we have the possibility to make a nice profit taking into account the...
Daily/4h time frames analysis on Silver. Price action analysis. Key levels & candlestick analysis. Trading recommendations. Thoughts. ❤️Please, support this video with like and comment!❤️
as we predicted in the earlier video, silver did plummet and we booked in really nice profit. now we are trying to trade back into the range
Time is fair. Whether you are lazy or hardworking, time will gradually give you the answer that belongs to you. Those who cherish time will be cherished by time! Currently, the pressure on silver is concentrated in the 21.5 area, where short selling can still be repeated. Silver has not followed the recent rise in gold prices, largely due to previous...
Head and Shoulders officially formed on Daily. The previous analysis, we were waiting for the pattern to form a Right Shoulder. Now with the price breaking below the RS, almost confirms the trade entry. 21>7 Price <200 - Bearish (Red back) RSI<30 - Bearish Target $16.30
Head and Shoulders formed on the daily of Silver. The price could next head on up to trap the bulls before the downside (forming a Right shoulder). 21>7 MA Price <200 - Bearish (Red back) RSI<30 - Bearish Target $16.30 ABOUT Silver and why the price could drop Silver is a precious metal that has been used for coins, jewelry, and decorative purposes for...
the silver XAGUSD will have to make a correction to 21.20$ and maybe to the 21.40 area as well before the continuation of the downtrend to the 20.33 area. also, there is a great probability that the market can go down without making a correction! that's what I believe. what about you guys? what do you think? tell me your opinion. do you agree or not .?? good...
Silver / 1D Hello traders, welcome back to another market breakdown. Silver has been trading in a down trend based on the Weekly time frame. The price had a deep pull-back. We notice the trend line has been rejected twice which suggets at least a pull-back on the bullish move. I'll be waiting for a position higher for lower risk. First target for the bears...
Silver appears to be playing out a nice bear flag, we have a target just below and that would be 4% if it plays out. If it plays out we could eventually see further continuation down even $19 later this month. Not financial advice. DYOR.
Silver showing a short term bearish trend. Spotted an short entry on the upper trendline. target short term profit at lower trend line.