Checking the 22 level as support just as we have been testing the other 20 dollar levels as support. IF this level holds, it is a real area where we could see a 30 percent rally and that would not be uncommon
Simple support and resistance trade. The trade is now in drawdown
#SILVER.. after morning tokyo session drop market stay in range and still expected in range trade, if market continue his range trading then range will be 22.18 and 22.01 keep close these areas and cash the range untill market didnot break eitherside. eitherside will leads you towards 20 to 30 pips up or down. trade wisely good luck
Did you ever ask yourself: What if #silver fails to breakout versus #spx and it underperforms by -60% over the next 5 years? Don't get stuck in a narrative, wait for confirmed breakouts. The lion's share of a bull market will last many years. No need to front run anything.
SILVER New forecast The price perfectly fulfills my last idea and price reached to our targets . The price of silver declined and succeeded in achieving our second expected target at 22.23, and opened the day with a strong decline to break this level and confirm the continuation of the dominance of the downward trend, paving the way for heading towards our...
Let's take a look at silver pricing together. Silver has been consolidating for a long time in a range. Every time silver tried to go higher it was rejected. We are already at the end of the consolidation, where the bears are cutting every move up. I don't see any signs that the price is going to go higher again. it can be seen how the price was gradually...
In our last analysis of Silver, we identified we were in a 335 flat correction. We are in the middle section (3 = ABC). We are in wave B and looking to catch C. Trade Idea: - Watch for a break of the red trendline for confirmation - Risk entry on rejection of fib levels - Targets: 24, 25, 26. Note that we can make a complex ABC correction for wave B so do...
Prices dropped back down to the demand zone and a 50% retracement and had a liquidity clearout of all the hammers. Using VSA prices came back down to test the ultra high volume hammer and the result is low volume which means the supply has dried up and prices should reverse. Target is the VWAP and trendline after it triggers all the buy stops. If the week...
I bring to your attention my trading idea for silver. I believe that silver is on the verge of developing the third Elliot wave of the supercycle. The estimated target for the third wave is 85$ for 5 years, but I think it will be at the peak of 95-100$, after which a pullback for correction. I wish you good luck in making your own decisions!
📣 Hello everyone! Here is the global chart of XAG/USD and directly my long-term trading idea, time frame 1 month. Here is the story from 1802, but in fact this is not even a complete timeline. I believe we are “close” to completing the Elliott Global Five on the silver chart. The first primary impulse wave, in my opinion, ended in 1864, the second corrective...
From the start of the month may XAGUSD/Silver is in downward movement after forming a double top formation. Ever since this drop its forming clear descending channel. Within this bigger trend formation We can see some rising wedge formations which is indicating the upcoming bearish trend until this trend gonna breakout. The price is currently below 50% Fibonacci...
Silver opportunity for short. This setup trading idea is for intraday. Who follow last week short on Silver, already 100 pips. I target 150 pips, so can reentry at H4 as I marking. >> TAYOR I'm just giving an idea, it's up to you to follow.
Silver is forming a potential diametric structure in the medium term and the second phase of this structure has begun. The potential route I expect the price to follow is indicated in the image (with dotted lines). The wave e of the diametric structure is estimated January 15, 2024. We can say that we will be in a bear market for the next 2 months. After that,...
HI Traders ! On Friday 20 Oct, The Silver Price Reached a Resistance Level (23.77640 - 23.55650). -The XAGUSD Failed To Create a New Higher High. -The Price Formed a Triple TOP Pattern. Currently, We have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, We Will See a Huge Bearish Move 📉 ----------- TARGET: 21.10000🎯
As We Talked in The Previous Analysis: On Friday 20 Oct, The Silver Price Reached a Resistance Level (23.77640 - 23.55650). -The XAGUSD Failed To Create a New Higher High. -The Price Formed a Triple TOP Pattern. Currently, -The Neckline is Broken. So I Expect a Bearish Move ! i'm waiting for retest... ----------- TARGET: 21.10000🎯
Silver recent impulsive move from 20.740 to 23.700, 50% retracement 22.195, last closed price 22.258, Superb trendline support + recent breakout Retesting first time so acting as swing area. Educational purpose.
SILVER has done it first move to the downside now a correction as sub-wave B of wave 2 is expected before more bearish movement as sub-wave C of wave 2