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
Today could be the day silver finally blows. It's stalling at the previous high from the last run up now. If it breaks, things could get out of hand.
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.
5.13.24 Looking for trades in the ES. possibly coffee. There's a chance that oil may move higher. Generally contracted markets are harder to trade than expanded markets... but some traders may feel there's less risk if they stick with the contracted markets... but this is probably not going to be a good way to trade because you want markets that really move...
LITTLE CORRECTION OF THE LAST SILVER TRADE ? IF YOU'RE INVESTOR OR HEDGE FUND PLS COLLAB
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
5.9.24 I looked at the dollar, Gold AND silver. the ES... coffee....Natural gas
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...
looking for some short entrtys rising wedge pattern forming
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...
Is very telling... We are currently over the macro .786 FIB where the last $26ish Node sits. But the $16 macro level tells the tale. So many selling that level that held from the early 1900's and again in 2007 - 2011... But over the past 9 years. Physical Stackers have been accumulating that level. Paper traders have too... Nations are... Bankers...
There is a possibility of a decline after the closing of the five waves. It will be impulse or zigzag.
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...
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A nice risk to reward we can get here after a sharp correction market took 2% pullback now i can plan this short trade