SI1! Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Rectangles, Pitchfork, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
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Silver COMEX may bounce from here. Support at 23 and a bullish wedge formation on daily chart. Stochastic on daily chart also showing an oversold position.
SILVER H4: SELL MAY OCCUR SOON AND SILVER MAY HIT $20 IN A WEEK.
The technical and fundamental analysis, chart pattern continues to fall. Its clear sell after getting resistance near $24 and now it runs below the trendline that is clear representing the downfall near $24.
Note: For more information about different pairs of the market, keep following me.
Silver is still a very "UNCROWDED" trade right now.
However, it will be "CROWDED" once it stretches far above its moving average.
Prices will be MUCH higher by then.
#silver
Silver futures have faced challenges in the new year, but the market has established higher lows, instilling a layer of optimism for the precious metal.
Like all risk assets, silver will continue to be susceptible to changes in interest rate expectations and the path of the Federal Reserve. Recently, the bond market has tempered its expectations of an interest...
Silver dropped from the resistance and broke the lower border of the descending channel.
If we look closely, we can see that the price is near the reaction zone. It bounced off this level multiple times.
If the market fails to break through the resistance level, we can sell at that level.
We anticipate a breakout of the channel and further bearish...
Critical support zone, indicators slightly negative, expecting downturn until 68300 levels, after which there is a possibility of reversal if it doesn't break the support
Next two days movement will help decide entry
Silver popped up on our TrendCloud Scanning System and started showing us a short signal.
TrendCloud signals started forming and are still working out nicely.
Trend and momentum are both down across multiple timeframes and heading toward the first ADR checkpoint.
If you would like to become consistently profitable so you can move out of the simulator and into...
Last 15 years this seasonal trade has a 93% success rate. Entry is on paper 12/22 however entering it a little early isn't the end of the world.
Looking to exit before the 9th of Jan but leaving myself room incase i need to leave it open.
"I'm never going to financially recover after that last trade."
-Kewlkat
Silver pulled back to resistance and 50% fibo level.
If the market fails to break through the resistance level by creating a false breakout, we can sell from the confluence level.
We anticipate a retest of the support level since we have a price drop from resistance.
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