looking at the analysis based on the elliot notation for silver, it looks like it is currently in the beginning of a bullish trend, you can take part in going long by placing a pending order in the SnD area that has been readjusted according to your analysis.
H4 - Bullish trend pattern. Higher highs. Until the two strong support zones hold I expect the price to move higher further after pullbacks.
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On the other hand, technical indicators on the daily chart have not yet confirmed a positive outlook. Therefore, the $23.00 confluence region might continue to act as a barrier for any subsequent move up. Immediately following this is the ascending trend-channel resistance, which currently stands around $23.45 in price. As long as the XAG/USD maintains a strong...
Silver is also in a downward trend on the daily chart. XAG/USD's long-term bias is upward because of rising support since September. The near-term downtrend is being maintained by a falling trendline from May. 61.8% Fibonacci retracement level at 22.29 provides immediate support. Taking this price down reveals rising support. The 38.2% level at 23.75 is released...
if this is an a-b-c correction and wave c is usually the same length as wave a, then there is a high probability that XAG will go down. This is signaled by the current price at the trendline and strong resistance area. if XAG turns out to respond positively to the trendline and makes a strong bearish signal, then it is likely to go to fibo extension 1.
Our favorite shiny metal, silver, is gearing up for another potential bounce off the MA50, and I couldn't be more thrilled about the possibilities it presents. As avid silver traders, we have witnessed the power of technical analysis and the significance of key moving averages. The MA50 has proven to be a reliable indicator, acting as a strong support level for...
Waiting and see if price can reach the blue area but be careful this set up is only valid if it happens during London or New york session
I am thrilled to share some exciting news - silver has just hit a golden cross! For those unfamiliar with the term, a golden cross is a technical analysis term that occurs when the 50-day moving average exceeds the 200-day moving average. This bullish signal indicates a potential upward trend in the price of silver. This is fantastic news for all who have...
XAGUSD stabilizing prices above 22.5796 will support raising to touch 23.3012 and 23.6944 and 24.2063 if the price stable under 22.5796 then the movement will be between 22.2454 and 22.0573 support line : 22.2454, 22.0573 , 21.9656 resistance line :23.3012 ,23.6944, 24.2063 The expected general trend for today: is bearish timeframe:4H
Hello hustlers.. This is trend change trade . Use good trade management only thing important in Trading is how you manage your trade... FROM 1:4 & 1:8 RISK REWARD RATIO... Enjoy...
Hello Guys, Last week, this pair was strongly bearish as speculated (see my analysis below). The bearish leg ended up in a daily demand FVG and as we can see, it reacted strongly. Also marked on the chart are the multiple buy-side liquidity I expect the price to hunt. In addition to this, I had posted my analysis on the dollar index which I expect a short-term...
when the price rises more than the light blue line, there is a possibility of reversal and the price will reach the SR Flip area in the short term.
Daily bullish order block formed on 21st March. 22.40-15 strong demand zone for long, stop loss may place below 22.15. Target: 24.80. this setup will take time may few days even weeks.
Silver Woe to those who do not see the downward trend of silver. The trend of silver is downward, on the other hand, silver's older sister, gold, is not in a good position, and gold's younger sister, which is silver, should be led down with it. The trend of silver is currently in a bearish base, so we have the next bearish wave ahead of us. The trend of silver...
there wasn't much change/movement in silver last week, it's still in a correction period so there could be a sudden and quite high upward movement. I stay focused on opportunities to find areas to short.
Like its bigger brother, Gold, Silver also dropped hard these days. However, looking at price action this week we can see that the drop lacks much momentum and is drawing a falling wedge pattern on our short-term charts. This could be an indication of a reversal and the 24.50 resistance zone could be the bulls' target. A new low would negate this scenario
After 4 weekly range candle and sharp bearish leg, now we have a strong HTF support that includes (Bearish TrendLine, FTC Flipped Zone and Bullish Channel MiddleLine). We still looking for more triggers, to ensure that pullback is done!