We have identified a rising wedge. We expect the price to hit the previous resistance but expect it to be reject and drop-down back to the previous support levels. We also noticed the bearish cross-over on the MACD-line and bearish divergences. Short on the 4h timeframe - Entry price 24.54 Exit price 23.275 Stop loss at 24.8 Risk reward ratio: 4.87
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This is silver weekly chart which is indicating a bullish sign, as good closing is given on breakout of pole and flag pattern . Plan your traders accordingly
Silver Uptrend Higher High and Higher Lows TP:24.000 EP: 23.450 SL:22.925
Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation! Bulish: We are preparing for a trend continuation after the break of the resistance level that we are currently in, for entrys we gonna wait a strong candle, a pattern cadle or something like that. Bearish: Here for the bearish operation we are...
As expected, the front end of the USD yield curve collapsing triggered a tipping point for silver to reverse higher, and now we are at the cusp of a higher move in precious metals. Enjoy the ride
SILVER1 BULLISH FALG PATTREN.NO DIVERGEN SEEN. The bullish flag pattern shows that the price will go up. And the chart will make new HH& HL.
Silver is decelerating while approaching the resistance level. The market shows massive divergence on the 4H timeframe and pinbars. We anticipate a short-term pullback and even further movement down if price breaks and closes below the ascending channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
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
Silver reached the resistance level at 23,00. If the market makes a double top or pinbar the resistance at 23.00, we can look for selling opportunities. We anticipate a short-term pullback from the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Silver is underperforming gold. The gold-to-silver ratio is over 1 standard deviation above the historic average since 1990. In fact, the gold-to-silver ratio has not been close to its historic average since August 2021. Silver falling more than gold Gold prices in February 2023 gave back almost all its gains (-5.2%) from January 2023 (+5.8%) as the US dollar...
The resistance level at 67160 is a critical level for silver's trend, as it will determine whether the current uptrend will continue or a downtrend may be expected. If the price manages to break and sustain above the resistance level, it suggests a continuation of the uptrend, with potential upside targets at 68360 , 68760 , and even as high as 69300+...
Silver dropped from the resistance, and it created a descending channel. Price action pulled back to resistance and fibo level. If the market fails to break through the resistance level , we can sell from the confluence level. We anticipate a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with like....
Generally, gold and silver goes in tandem. Hence, gold is expected to go up so same may be correct for Silver. But here problem is that it has not yet broken the consolidation zone so there are chances of testing lower side of the line. As gold seems bullish what we can do here is that long can be taken with SL of recent low of the week i.e. around 61000. If that...
1) Find a FIBO Slingshot 2) Check FIBO 61.80% level 3) Entry Point > 20.1/61.80%
"How to covert resistance <=> support" For all those looking at sub $18 silver... In march 2020, #silver had not yet converted the 18$ level from resistance to support. Now that is a "wall" (previous resistance turned support). That is a big difference.