we had a market structure shift (Ch) that could tell us that silver might be bearish aswell as there are a lot of imbalances to still take after price moved very hard without pullbacks. I also see that we broke some 4H trendlines as an extra confluence. For now i will be waiting for a Break of structure to signal that silver wants to go down. this is just a...
looks awful. everyone was eyeing $18 as obvious support. looks incredibly weak here.
think this dumps with xag and crypto.
been eyeing arouund $15.60 for a good while now.
LONG XAGUSD IN THIS MONTH MAYBE 28.000
This month will go up to 28
XAGUSD BUY 📈 (long term +20 days )
ENTRY PRICE 25.000
-TP1 27.000
-TP2 28.000
-SL 24.500
Hello Traders
Silver is still bearish. We are working the final bearish wave of a WXY pattern where wave W is a Zigzag Wave X is a Triangle and wave Y should unfold on a 5 wave impulse
Please share your opinion in the comments below.
Thanks and happy trading
All the PMs but especially Silver is a Major SHORT here, with a Low-risk Entry!
A Bullish G/S and a likely USD reversal here - even if potentially limited in scope - should underpin a substantial decline in all the metals, from these levels.
Charts like this are no help, either! (Stock market forced liquidations have a tendency to spare nothing and no one,...
Much like in the old George Foreman grill commercials; "Just set (sell) it and forget it!". It's a dog but a great Short here!
Here is the "panoramic view";
It will deflate in 2 seconds flat, right along side with the rest of the currently prevalent inflation fantasies.
TBH first time ever trading silver, heard a lot and it looked promising.
so after 2 hrs staring at weekly and daily and hr time frames, I was able to form this.
predicting that price might continue the long trend or retest the drawn arrows and either break structure to a NL
or continue up after correction.
I'll be placing a sell limit @27.475 with a small SL...
XAGUSD has a falling trend and it is losing its power. For the 1d graph, it has lower highs and a "falling triangle". Also, shoulder-head-shoulder formation and double pick were seen in the short past. They indicate weakness. I'm more close to short but before taking a position, it must wait for a confirmation.
Short opinion:
If it will break the support...
