Along with its cousin COMEX:GC1! Gold, is sharing similar characteristics of their respected moving averages as well as volume criteria needed to confirm upside potentials. With also an Inverse H&S on the chart, I have reasons to believe this precious metal price could increase
If you are trading Silver, you need to see this video. Be prepared for a sideways melt-up in Silver while the dual Flags play out. Gold will likely move more aggressively than Silver. But Silver will give you two or three opportunities to buy into the lows. Pay attention.
silver on multiyear breakout, it has succesfully crossed 800000 level , tetested and now up again for 120000 target. chart is making inverse head and shoulder pattern
I revisited silver futures lately and noticed a double three wave pattern unfolding since Sept 2021 as the 'B' wave. We can break down this 'B' corrective wave as a W-X-Y wave, with W as a flat, X as a contracting triangle and Y as a single zigzag. I believe this B corrective wave for silver is completed and it should be on the path of an impulsive 'c' wave with...
If you are wondering why #Silver is freezing up... All you need to do is look at its quarterly chart. I can't over emphasize the importance of the wall at 27$. 11 times it was denied, making it a critical level. Bullish momentum is putting upwards pressure on it.
These levels offer guidance for traders interested in trading Silver MCX Futures in May, providing specific entry points, target prices, and stop-loss levels to manage risk. Range Point: 80,680 Day Range: 958 points Buy Above: 81,034 Average At: 80,921 Buy Target 1: 81,272 Buy Target 2: 81,638 Buyer Stoploss: 80,715 Sale Below: 80,808 Sale Target 1: 80,088 Sale...
After todays gap down opening market is trying to form a symmetrical triangle looking for a short entry
In the next two options, with expiration dates on May 28 and June 25, bullish sentiment appeared on silver. Starting on April 19, the participant collected bullish spreads with construction sites 31/31.5 and 32.5/35 in his portfolio. Based on the delta values of these strikes, these spreads can be classified as aggressive. The following is noteworthy: The position...
we delve into the dynamic world of growing stocks, commodities, and indices providing valuable analysis and commentary on significant levels that traders need to keep an eye on. From crucial support and resistance zones to potential breakout points, we aim to equip you with the insights you need to navigate the stocks with confidence. Stay tuned for regular...
A nice risk to reward we can get here after a sharp correction market took 2% pullback now i can plan this short trade
If you had any doubts about the 27-28$ resistance for silver... More important the resistance, more important the breakout can be.
Early forecast for 2024, SILVER will be MUCH HIGHER. In recent weeks I have started to accumulate SILVER and a number of precious metals mining stocks. I believe both will be going much higher over the net year+. Currently $23+ I believe we shall see $26+ by early 2024 followed by $30+ over coming quarters.
The move from March 2020 to August 2020 Was a measured move that played out to the Tee. We have a similar structure building that projects to the High 30's Suggesting #Gold move beyond ATH's and #Silver the beta play to move faster in an attempt to catch up, and move towards it's high's again.
Silver hitting HARD opposition at 28$. Silver Important Breakout Line is Also Resistance... not a good look if the upper wick continues to grow on monthly candle
looking at the monthly silver chart #si1 #silver as a major measured move is at play
SIlver Bullish on Strong Demand LEVEL Support 79423 Target 84480/90730/100860
Yes, I gotta put this out there... If #Silver is to reach much higher price targets, it won't do it in an absolute straight line! Unless you zoom out to higher time frames, where shorter term corrections can't be seen. If you are seeking for higher price points for #silver, you should hope it doesn't SUPER HEAT now on smaller time frames. That type of FOMO...
Channels are an incredible tool for technical analysis. Today we're going to put them to the test with the recent moves up in silver, as it looks like the precious metal is currently sitting at a decision point that can (still) go either way. MEASURING IMPLICATIONS OF CHANNELS The real power of channeling is greater than just working with a supportive/resistive...