silver on crucial resistance zonesilver again testing 90000 zone, this zone will clarify further direction of silver.
QI1! trade ideas
SILVER_GETTING READY FOR LONG Hello, I have tried to explain view (long term) on silver.
I have used Support & resistance level, candle stick pattern, moving average & elliott wave analysis to explain projections on silver.
I hope, i have added some point of view in understanding movement of silver in upcoming days.
Thanks for watching
Oil dxy silver Etc9.13. 24 in this video I talked about a few markets some which are not notated on the caption above but you'll see them in the video..... and I spent more time talking about issues with regard to maximizing your return when it makes sense.... because it's not just minimizing losses. it is also minimizing reward when it makes sense... and both of these issues make a huge difference in your results as a trader. Sometimes you can get into a market that has made you such a good return... you don't really want to get out of the market because you don't want to pay the taxes... and you think the Market's going to go higher anyway even if there are some downward Corrections. that concern is what I'm talking about when I'm trying to manage the the metals since short-term trades on the paper Market are relatively small compared to the long-term markets that have much greater cost of to the paper Market It is about the metals but the paper Market is a different Market than the physical Market. I didn't emphasize it on the past few videos but it's important to know with the markets that I am talking about... these markets are very active and they produce significant range and swings for buyers and sellers and it won't always be that way markets that have good range and opportunity sooner or later will contract and it will be very hard to make money and it contracted Market whereas if you know how to trade markets because you know how to handle more volatile markets that is where you will make your money because expanded markets if you know how to evaluate them is where the money is. I think generally The General markets will go lower because I think we'll have a crisis as it will relate up to the underlying vulnerabilities of the US dollar and this could have a substantial impact on the equities Market even though there will be some very bullish Futures markets. right now in the markets that I'm focused on you can trade it as a buyer or a seller if you know how to handle a market differently when it's an expanded Market as opposed to a contracted Market... as long as you recognize that contracted markets are always Limited and they are not the best markets and frankly from my point of view contracted markets are too much work. I see this as a special time to trade even though I don't trade most of this stuff like the dollar or the equities markets....
The ART of sitting ON YOUR HANDSI was not always a bear... but my arms are tired of holding these Silver Bags for over a decade. I am still bullish! In the long long term ( ;
I am still holding a longterm SILJ short position ( see previous post ) but the immediate future is not clear. Will we get an explosive rally leading up to... during... or after the FOMC? I would not bet on it. The truth is however that nobody knows. As Ray Dalio says, "He who lives by the crystal ball will eat shattered glass"
The next few weeks will provide a challenge for market timers and speculators. I expect plenty of whipsaw and broken hearts before a trend is established (bullish or bearish).
I am waiting for a break of 29.83 to become a Bull and enter Long
I am waiting for a break of 26.67 to become a Bear (a big one) and enter Short
I strongly recommend waiting for a daily close over these levels before getting to comfortable unless you are prepared to keep a tight stop and run for the hills if either of these breaks turn out to be a trap.
Until then this range (in between the two levels will provide plenty of juicy scalping opportunities for cowboys like myself. I am using the .382 Fib level 28.10 (derived from the Oct 23 Low to the High in May 24) as my guiding light and BABB (Bullish above Bearish below) in the interim with TPs at my key break levels. They will be formidable resistance/support zones until broken and proven otherwise. Happy trading!
Crude oil9.12.24 this video is a follow-up of yesterday's video showing what I thought was a manipulation in the market to attract sellers in a market that was about ready to go higher. I Define it as a bear trap but I'm not sure if that's what the official name would be. up what's more important is to know what a market looks like that can adversely affect your trade which is good for some Traders but not for you. normally I would categorize it as a relationship between smart money and fast money Being less skilled Traders. when a personal basis I don't think of myself as fast money or smart money... I just want to know where my risk is and whether I should be a buyer or a seller and I have to calculate at least a reasonable Target and then I know basically what the support and resistance is and the risk as it pertains to the reward.if you really trade you will have experiences where the market scared the heck out of you but didn't get to your stop but you got out because something scared you about the marketand then the market goes $4000 in your direction but you got out first. Last week I was talking about markets that were moving higher when they should probably be going lower and we did that with a few markets including the S&Pand I think we did that with an early version of oil if I'm not mistaken. there is always the possibility that the market can give you a point of view that's going to turn on you and completely change your opinion and my belief is a lot of these special trades that trigger incorrect decisions from you are at least partially contrived to get you on the wrong side of the market. In the video I started talking about trading very small time frames and I regret doing that because it wasn't pertinent to what we were doing today and yesterday. but since I mentioned the 1 hour chart which I consider a small time frame, the other problem with it is that you're going to trade with more frequency and every time you take a trade you have to work with the spread between you and the clearing firm and that cost can be fairly expensive especially when you're trading for very small profits SO trading very small time frames have significant risk and are prone to cost you more money than you realize,whereas if you take in your long position in oil when the market started to turn higher with the plan to stay in longer this is when you can make 3 to 1 and greater trades even when you have small risk and you have a way of avoiding the risk but you can stay in for five to seven$1000 trades with a small risk.
SILVER - Symmetrical Triangle PatternSilver Update (December) - Symmetrical Triangle Pattern
Pattern Forming: Silver is currently forming a symmetrical triangle, signaling a potential breakout in either direction.
Bullish Scenario:
Break Above: 84,780
Bearish Scenario:
Break Below: 84,050
Both breakout directions could offer 800-1,000 points movement. Watch for confirmation before entering trades.
Risk Management: Use appropriate stop losses.
Disclaimer: This analysis is for informational purposes and not financial advice. Trading involves risk.
IF THIS HELPS YOU, PLEASE LIKE THE POST ❤️
INVERTED CUP AND HANDLE IN SILVERSilver (XAGUSD) 4-Hour Chart Analysis
Pattern Formation: An Inverted Cup and Handle has formed, which is typically a bearish continuation pattern. This suggests a potential decline in prices if the pattern completes.
Breakdown confirmation: Price is currently below the critical level of 82,290. A break below this support can confirm the bearish signal and lead to further downside.
Expected Movement: Based on the pattern, anticipating a potential 400-800 points movement to the downside if the price sustains below this level.
Risk Management: Consider placing a stop-loss to manage risk.
Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
IF THIS WILL HELP YOU PLEASE LIKE THE POST ❤️
oil ES silver and other markets September 4th in this video I reviewed several of the markets that I talked about yesterday and and earlier than yesterday and these are making some very nice moves consistently with the patterns we are looking at such as ranging markets and ABCD patterns and it's a specially useful when you judge how markets Gap and how the market retest the gaps.
Silver little bleak and weak now, but will shine later and how. Shadow of Silver today is greyish. As if the fading moon after a full moon day. Silver may consolidate between 82 to 78K levels. If 78K is broken by any chance, the threat of it falling to the levels of 65-68K looms large. If it reaches 65 to 68K level by any chance, Silver become a must accumulate commodity. On a long term time frame (14 to 28 months) Silver looks all set to cross 100K mark. If there is some global event that bring uncertainty, Silver can reach 100K sooner. Keep Watching this commodity. It is an accumulate at lower levels.
Silver's Roll Premium CrushSilver
Technicals (December - Z)
Silver's pullback aligns with the roll from September to December which carried a hefty premium 40 cents.
Silver futures corrected over 2% in the overnight session after analyst downgrades of the Chinese economy weighed on Copper prices. Futures will need to remain above 28.66 to keep the bullish theme alive. Any close below that level opens the door for another retest of the 200 DMA.
Silver (Dec)—Daily stochastics are correcting from overbought territory, indicating the market may be starting to correct. DMI - above DMI +, and the ADX is declining, indicating the recent rally is losing steam. The average true range (ATR) is 84 cents per day.
For Trend Traders
Bias: Neutral
Bull Trade Trigger: 30.545
Bear Trade Trigger: 28.665
Resistance: 30.565***(Bull Trader Trigger), 32.00-32.50****
Pivot: 29.78 (50 DMA)
Support: 28.66** (Bear Trade Trigger), 27.38**** (200 DMA)
Check out CME Group real-time data plans available on TradingView here: www.tradingview.com
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.
Silver - Medium TermWave C correction is ongoing. Prior charts are pretty much negated. Waves plot their own course, so patience is very much needed. Once this wave C correction ends, a new 5 wave impulse will begin. Positive divergences are already visible, price just needs to follow.
Disclaimer: Still holding long positions in Silver.
Silver - Swing TradeSilver forming a triangle and price trying to break out. Any confirmed break upwards should launch another 5 wave impulse move. Price may come down and try to retest the upper trendline of the triangle but I see bullish momentum so it should bounce upwards.
Disclaimer: I have long positions in Silver.
Revisiting my silver roadmap from January.Odds for my bullish roadmap from January to playout increased once silver closed above that black, slightly descending line.
Silver is still above the "wall of support".
This tells me the burden is now on the bears to undo this.
Until then, this looks bullish.
#silver
Silver Gaining demand Silver prices are gaining momentum
After giving multiyear breakout, commodity is trading at retest Level and booking bullish
one should plan to invest for long term and as a diversified portfolio item
Disclaimer: This is not any buy or sell recommendation, please consuld your financial advisor before taking any investment decision
BULL FLAG IN SILVER Silver (1-Hour Timeframe)
Breakout Alert: Silver has broken out above 85,000.
Target: Anticipating a move higher by 500- 800 points
Pattern: Potential bull flag formation in progress.
Risk Management: make sure to put stoploss
Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
IF THIS WILL HELP YOU PLEASE LIKE THE POST ❤️
Silver - Near term projectionIn my opinion I believe we have a wave 3 in progress and price is currently stuck in a channel. Any breakouts from this channel will culminate in the end of wave 3. The retest will perhaps be wave 4 and then wave 5 should start. A correction will then follow and a new 5 wave impulse should then develop.
Disclaimer: I currently hold long positions in Silver.
Silver MCX: Bullish Momentum Builds Above Key Support LevelsTechnical Outlook for MCX Silver:
MCX Silver has shown strong bullish momentum, bouncing off the 200-day moving average (MA) near the ₹79,601 level, signalling a potential trend reversal. The price action indicates that silver is consolidating above the 50% Fibonacci retracement level of ₹79,601, which aligns with the 200-day MA, adding further strength to this support zone.
The recent recovery from this support level has pushed prices above the ₹81,000 mark, indicating the potential for further upside movement. The next immediate resistance is seen at the 61.8% Fibonacci retracement level of ₹83,300, a critical level to watch for a potential breakout. A sustained move above this level could open the door for a rally toward the ₹88,864 zone, corresponding to the 78.6% Fibonacci retracement level.
On the momentum front, indicators are turning positive, with the RSI rebounding from oversold levels and the MACD showing signs of a potential bullish crossover. Additionally, the low volatility environment suggests that a significant move could be on the horizon, potentially favouring the bulls if key resistance levels are breached.
**Action for Traders:**
**Buy** at the current rate, with an **add above ₹83,300** (61.8% Fibonacci retracement level). Set a **stop loss at ₹79,600** (50% Fibonacci level). Target **₹88,600**, which aligns with the 78.6% Fibonacci retracement level. The trade is further supported by ongoing geopolitical tensions centred around Middleeast, which could boost precious metals. Additionally, the gold-silver ratio is likely to drop from the 89/90 level, suggesting that silver will outperform in the near term.
