I like to move it, move it,
I like to move it, move it,
I like to move it, move it,
We like to move it !
You were bouncing along – admit it! Silver, at any rate, is shaking its booty to the beat, while continuing to move upwards. It should keep up the party mood and hop above the resistance at $20.84 to enter the upper turquoise zone between $20.94 and $22.42,...
In this update we review the recent price action in the Silver futures contract and identify the next high probability trade locations and price objectives to target
SILVER is 27% down from its high of last year. we can see bullish marubozu candle at resistance of 54000 range. Silver has value both as a precious metal and as an industrial one. silver demand has been overwhelmingly tilted toward its industrial side, silver is used in various other industries apart from jewellery. As a result, there is a good demand for this...
Silver price went down and tested a major support zone .
Price action is likely to consolidate at resistance level.
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As mentioned in the analysis above, silver is currently retracing intermediate wave 2, which appears to be developing as a zigzag.
We appear to be in minuette wave 3 of minute wave 5 of minor wave A. After wave A finishes, silver should experience a moderate decline before rising again in minor wave C.
Type : Bullish Rise
Resistance : 22.005
Pivot: 20.425
Support : 18.905
Preferred Case: On the H4, with prices breaking out of the descending trendline , we have a bullish bias that price will rise from the pivot at 20.425 where the swing low and 61.8% fibonacci retracement are to the 1st resistance at 22.005 where the overlap resistance is.
Alternative scenario:...
Type : Bullish Rise
Resistance : 22.005
Pivot: 20.425
Support : 18.905
Preferred Case: On the H4, with prices breaking out of the descending trendline , we have a bullish bias that price will rise from the pivot at 20.425 where the swing low and 61.8% fibonacci retracement are to the 1st resistance at 22.005 where the overlap resistance is.
Alternative scenario:...
In this update we review the recent price action in the Silver futures contract and identify the next high probability trading opportunity and price objectives to target
Hello traders, The end of past week we saw a 4% rise in price from a 2 years low at 18.00, silver is extremely bullish and as is seen its trading above the 200 MA we expect a more volatile market at the coming sections.
The commodity has broken down and retested, therefore may undergo a correction. Trade is supported by Resistances Nearby.
Risk Reward Ratio - 1.5:1
SL is placed above the resistance zone & the upper trendline. The target is placed near support.
Guide to 5-wave patterns in Elliott Waves:
1. Wave 2 cannot go beyond the beginning of wave 1
2. Among waves 1, 3 and 5, wave 3 cannot be the shortest wave
3. The closing price of wave 4 cannot be within the closing range of wave 1.
Silver is SUPER BULLISH on the monthly chart.
First time since Jan 2016 it touched 200 Monthly MA and found strong support.
We are at the end of the month of July and a strong close would translate into a hammer candlestick on the monthly chart. In any trader's book is it a very bullish sign!
What do you think? Is silver going to go up and why? Looking forward...
During 26 days, silver went down.
Most of my Tweets had low retweets & likes.
Even the famous 900$ gold call came back to life.
Then in the last 4 days, this happened...
#fintwit #silver
We are at almost 200% regular volume in the Futures market and is completely divergent - that said JP MORGAIN $JPM can do whatever they want - as they control the silver market. Gold is at 130% of reg volume BTW.
They blue and white lines in the RSI are indicting the increase of volume. This kind of volume is NOT common - while were moving up - we're being...
Very bullish reaction on critical support defined on silver's monthly chart.
Next step is an actual breakdown of the gold vs silver ratio.
Hang on!
#patience #fintwit #silver
