Obviously the re-accumulation is done. NASDAQ:XAG has found its Climax around 14$, played in Phase B for 6 years with an attempt to 21$ thus creating an UpThrust, till “COVID”, where price collapsed to 11$, found “some” buyers that sent price to the opposite direction.
As you can see JAC is obvious ; BU seems to be done as well, bullish divergence confirmed....
✅SILVER is approaching a
Strong support level of 22.2$
So despite some bearish vibes
That we are catching from
Silver I still think that we
Will see a bullish rebound
LONG🚀
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In the following analysis, I highlight a possible SHORT scenario in the > FX:XAGUSD <
We focus on the technical...
✅SILVER is now breaking
Out of the bearish flag
Pattern so IF the breakout
Is confirmed then we will
See a further move down
SHORT🔥
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Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Head and Shoulder , Completed " Left Shoulder " and " Head " and making its Right Shoulder in Corrective Pattern " Consolidation Phase ". We have Impulse Correction Impulse and Strong Divergence
SILVER has trimmed it's price significantly to multi week lows.
The overextended correction is a good opportunity for possible reversal prospect.
KEY NOTES:
Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision.
Histogram higher lows.
Daily Higher lows -- firm ascending support lines.
TRI-MONTHLY higher lows -...
This is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED WEEKLY with comments and trade ideas.
| This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions |
In the following analysis, I do NOT highlight any specific scenario but neutrally look at the higher timeframes in the...
Hello,Traders!
SILVER is already making
A pullback from the resistance
Of 23.25$ so I think that
The price will go lower still
Sell!
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✅SILVER is trading in a
Downtrend and it has
Formed a parallel range
Where It consolidated
For a while but is now
Trying to make a bearish
Breakout and IF it happens
Then we can go short
On Silver with the target
Being the demand level
Below at around 22.5$
SHORT🔥
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Silver / XAGUSD is trading near the bottom of 15 month Channel Up with the 1day MA50 and MA200 on a parallel move.
The 1day RSI is on a Channel Up / Bullish divergence since May 25th and it is much like the bottom trade at the start of the Channel Up.
Buy and target 25.900 (bottom of Resistance A).
Previous chart:
Follow us, like the idea and leave a...
In a post on Silver from June, I analyse that a run to $33 is on deck:
Silver - 33 Moons And An Options Opportunity
In the time that has passed, we've had two ~10% bounces that have been sold off.
To me, this is a peculiar pattern for a trendline play that leads to new lows in the immediate term future, and represents confirmation that $33 is on...
Silver (XAGUSD) gave a solid rejection at the top of the long-term Channel Up (see chart below) when we last looked into it on July 21 2023:
The price hit on Thursday the 1W MA50 (red trend-line), which gave the previous short-term rally in mid-August. As long as it holds (closes weekly candles above it), we expect a similar rebound, thus turning bullish...
Silver is in a correction to the 23$ support zone.
you can setup your Long positions between 23.5$ to 23$
The target is near 25.5$
First silver must break the dynamic resistance line then pullback and go for the 25.5$.
The buying pressure on the 4-hour chart is notable, and Gold is currently situated at the lower end of its trading range. There's a significant chance that the XAUUSD price could increase from this support area.
Hello,Traders!
SILVER has been growing
Lately and looks oversold
So as we are seeing a failure to
Break the falling resistance and
A nice bearish reaction from it
I think that we will see a
Local bearish pullback
Sell!
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Hello,Traders!
SILVER is trading below
A strong horizontal resistance
Of 25.2$ and Silver is
Locally overbought so
I think that we will see
A local bearish correction
Sell!
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