thought on silver based on the bolinger band price is at the higher band, if it close outside the band
its indicate the continuation of the trend is very likely to continue
SIK2020 trade ideas
Can SILVER GOES FOR 84000?This is only for to add in your watchlist, may be its probability to goes up.....
May its touch to 84000 or plus..
Silver COMEX Futures in Wave C3-P3 UPMy price target for Silver is a conservative 1.62 * P1 extension, at $106.
Buy March silver 24.07 on stop, if filled, sell stop at 22.98, Buy March silver 24.07 on stop, if filled, sell stop at 22.98, tgt 25.18
Silver on the Verge of a Break-Out!Silver prices are experiencing a robust rally as market sentiment anticipates a slower consumer pace and weakened economic growth heading into the new year. The precious metal, often sought as a safe haven during times of economic uncertainty, is gaining traction as investors navigate an environment marked by concerns about a sluggish consumer and broader economic challenges.
Adding strength to the silver market is the recent movement in interest rate yields. The CME FedWatch tool indicates a 50% probability of an interest rate cut in May, with expectations further increasing to a 75% chance of a cut by June. This underscores the market's anticipation of accommodative monetary policy measures to ease financial conditions, further supporting risk assets.
In addition to interest rate dynamics, the silver market is closely eyeing industrial data from China. Stronger-than-expected data from the world's largest consumer of metals could serve as a positive catalyst for silver prices in the near term.
Crucial for silver's trajectory is the “Major Overhead Resistance” pocket ranging between 25.25-25.63. Traders will look to a break and close above this level, as it would be essential for the precious metal to re-test its 52-week high.
As the silver market has begun to move swiftly to the upside, a faster moving average can be used as a support level. A break and close below the 21 Day EMA could indicate slowing price action and consolidation, before a trend is found.
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Disclaimers:
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Is this Silver breakout for real?One of the most widely discussed precious metals that has been a sleeper all year (-2.5 %) looks like it is finally waking up again. Silver futures have oftentimes been at the forefront of controversy after multiple failed short squeezes and a series of lower highs and lower lows. Traders often remember the good old days when prices exploded to $50 only to see prices erode to bargain basement prices at $11.76 during the 2020 Covid pandemic. Traders will want to use these two points of reference and draw a wedge pattern that leads us to where we are today, attacking the upper boundary line.
Looking at the Silver Chart
Silver has delivered a near-perfect breakout, with prices consolidating at the 200 DMA at $23.79 and could extend to the $25 level (August highs). Traders will want to use $23.25 as their first significant level of support, followed by the 50 DMA at $22.91 and $22.45 as your trend reversal point.
Potential Chinese Stimulus
We expect that once an economic recovery occurs in China, futures will again test $28-30. Given the sharp rise in prices this week, we recommend not chasing this rally and waiting for prices to trade back into the low $23s before gaining exposure. Advanced traders could consider using short-dated call options to maintain exposure.
www.tradingview.com
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs
Disclaimers
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
SILVER... SOON BREAKOUT
Hello Guys, When trendlines on a chart come closer and meet, forming a triangle, it suggests a period of price consolidation. Watch for a potential breakout, indicating a new market trend.
BREAKOUT COULD BE UPSIDE OR DOWNSIDE.
It's advisable to wait for the price to reach the right level before making any trading decisions.
I will share the level as soon I get the confirmation
silver 4h setup positional buysilver have taken support from the buyside OB expecting price to hit swing high and give break of structure.
50% of prior wick entry long on silver and goldtarget the 50% line of the highest wick
a FVG entry also confirms that we are in a good spot to buy more metals
Mcx silver viewMcx silver currently standing on a strong bullish trend,n if continue wil achieve 75000+ soon.
On the other hand if market breaks below as shown in image, will down for 71500.
Silver Future Prediction - 17.11.2023 - Trading Marcos LevelsSilver MCX Future - November Intraday Trend Analysis for 17.11.2023
Buy at: 73085.35 with Target 1 - 74443.35 and Target 2 - 75113
Add additional position at: 72878.5,
Sell at: 72671.65 with Target 1 - 72276.65 and Target2 - 71607,
Stoploss:
Buy Position SL: 72650
Sale Position SL: 74000
This Silver MCX Future analysis is for educational purposes and one should attempt a paper trade on the below mentioned levels for an Intraday Range of 1753 Points on 17.11.2023
Sell Dec. Silver 22.330 on stop, if filled 23.510 stop and 21.23Sell Dec. Silver 22.330 on stop, if filled 23.510 stop and 21.230 tgt
trade confirmed
Waiting for Silver. This idea uses Wyckoff theory, Dao Theory and modified Fibonacci.
Currently sitting at a range, prices are being pushed down to a better buying zone before takeoff.
Sold at the -0.383 level shown and it's looking for its proportionate "mirror image" at the 0.382.
If prices move below the 0.5 level this idea should be recalibrated.
The price is moving a bit up and was bought just before the 0.236 level at 22.49. It didn't really touched that level and that usually happens when price is going lower still.
At the moment sit tight and wait for a better entry price at 22.175.
SILVER 21.250$ !Silver is going to continue downtrend to 21.250$.
After testing this level we will review price chart to get next signal.
Follow To Get Next Signals.
#Silver is asleep until it wakes up.#Silver is asleep until it wakes up.
july 2020
clean break above 18.65$
expect next clean break above 26.25$
Flag and pole pattern in silverIt seems to be flag and pole pattern in silver day candles from oct pole was created.
Buy Dec. Silver 22.82, stop 2175, tgt 24.72Buy Dec. Silver 22.82, stop 2175, tgt 24.72 placed
**Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future results**
hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does no involve fina
ncial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
