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+...
Hello, Friends!
A recent breakout signals
That the bears are still strong
And I am growing in confidence
That a bearish selloff is coming!
SELL!
✅LIKE AND COMMENT MY IDEAS✅
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.
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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...
"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.
Time is fair. Whether you are lazy or hardworking, time will gradually give you the answer that belongs to you. Those who cherish time will be cherished by time!
Currently, the pressure on silver is concentrated in the 21.5 area, where short selling can still be repeated. Silver has not followed the recent rise in gold prices, largely due to previous...
Everyone should have the mind of a valley and the tolerance of the sea. The reason why Jianghai can become the leader of all small rivers is because it is good at being in the downstream of all small rivers. That is the magnanimous person who is open to all rivers. Such a person can open the door to success.
Federal Reserve Chairman Bernanke's speech caused an...
Head and Shoulders officially formed on Daily.
The previous analysis, we were waiting for the pattern to form a Right Shoulder.
Now with the price breaking below the RS, almost confirms the trade entry.
21>7
Price <200 - Bearish (Red back)
RSI<30 - Bearish
Target $16.30
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
3.7.23 This would be a reasonable short trade if you took your entry at the opening price which occurred at around 6:00 p.M. Last night. The details are in the video.
Im writing this with a slightly bullish bias on gold and silver.
We are close to my entry levels and im hoping to get long during the day if PA is setting up.
I will share my big swing idea later this week.
Silver and gold basically have no movement within the day. At present, the price has begun to fall, and the original upside -up idea is unchanged. Waiting for today to go back to the place to enter the market more. Silver operation recommendation 20.85 buy, 4.70 risk control, target 21.30 ~ 21.41 ~ 21.67
Black silver is based on the following reasons:
1....
It is important to choose a good path, but without the confidence to keep going, you will not succeed. A lot of things just happen in one thought, so when we decide anything, we have to think about it more. The choice is important, but the persistence after the decision is even more important. No matter what choice you make, stick to it and you will achieve...
Diligence and perseverance are indispensable on the road to success, but if a person wants to achieve greater achievements, he must also be able to assess the situation and be flexible when things happen.
Silver did not give us an ideal position to enter the market on Friday and rose directly. The first wave of more than 20.7 singles continued to hold and look...
![SILVER1!: [MCX] Silver Swing Trade - Betting on Downtrend Breakout](https://s3.tradingview.com/x/XYVe8EVv_mid.png "[MCX] Silver Swing Trade - Betting on Downtrend Breakout")
