12. 27. 22 Bobby's homework assignment: Framing silver part 3.
12. 27 22 This is part 2 of framing Silver There is one more part 3
12. 27. 22 This is part 1 Framing Silver. I accidentally push the wrong button and didn't use all the time available for the video, but that's okay because we'll have one or two more videos when framing the silver market.
#McxSilver Nearing #ParallelChannel / #BullishFlagPattern Resistance Zone. Resistance Zones - 70400 / 71900_72200 / 73100 / 74000 / 75000_75300 / 77950 Support Zones - 67500 / 63700 / 59600 / 58150
in this chart you can see a channel pattern and support of trendline and can imagine what whould be next. happy trading
silver may push through the trend line here based on recent findings that weekly RSI gets extended in uptrends, and this feels like an uptrend.
The March Silver contract has been trending higher since the bounce from the November lows, continuing to hold trendline support achieving higher lows. There is a great seasonal in play, as the March Silver contract has traded higher 14/15 years from December 20th-February 18th. This does not guarantee the market will perform this year, but Silver is already up...
The following developments for the silver price should be characterized by further increases until the green wave 3 is completed and forces the bulls to rest a little bit. However, a more prominent 3rd-degree-wave, namely the blue wave (iii), should be completed between $26.95 and $29.06, before pushing the course back down South. In any case, movements below...
The falling wedge pattern found on silver chart it means that the end of the consolidation phase that facilitated a pull back lower. Book Your Target according to your own risk level.
Silver has increase from $18.50 (Oct 20) to $23.33. That is a 26% gain a month. Silver will continue to rise over 2023 First Take profit will be - 24.50 Second take profit is - 25.75 @ 26 watch for a pivot point back down to 22.50 or it will break out to 30.
Silver double topped at the resistance. Price action shows a divergence in the daily and 4H timeframes. If the market fails to break through the resistance level , we can sell from the confluence level. We anticipate a short-term pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Bullish 1. HH & HL 2. trend line support 3.Inverted hammer 4.near FIB 0.786
Silver commands value both as a precious metal and an industrial metal. Silver is often considered as a poor man's gold. According to the Silver Institute, Silver is used in solar cells (also known as photovoltaic cells which convert sunlight into electricity), electrical switches, and chemical-producing catalysts. Its unique properties make it nearly impossible...
During the Asian trading session, the price of silver solidified support at the $23.20 level and launched a new bullish impulse to the $23.50 level. We now see a downside pullback and could revisit this morning's support level. If the pressure on the lower support level increases, a breakout of the price below is inevitable. The price would then drop down to the...
Gold/Silver bugs - are you ready for what a lot of us have been saying for the past 5+ years. The base/bottom in metals back in 2015 was the critical base for the next big move. This upward price swing should be the next accumulation phase which will drive a speculative phase in about 3~4+ years. That speculative phase will be MASSIVE (should happen near...
Purple lines represent an ABCD move. Point A is 23.69. This is near our entry of 23.39 Yellow lines are a descending channel. The fall can be rapid. I expect a bounce where the beige channel meets the lower mustard colored channel. The bounce could be to the red line. This could be followed by further downside for several weeks.
12. 4. 22 It looks like gold and silver are going to trade higher, but there's a chance is that they could correct the little lower first, and I believe a lot of this Might be related to how the dollar moves. I think the relationshipOf the two index markets did I talked about today versus the metals markets I talked About today...Has some irony to it because the...
Have you been following my research, weekly videos, and Custom Metals Indexes? If so, you already know why I've been telling traders/investors Gold/Silver are setting up just like 2003-04: building a momentum base over the past 24+ months. The next move higher (over the next 5+ years) should be incredible. Silver is up 32% over the past 90 days. Can you imagine...