Today, The Silver Price Reached a Strong Resistance Level (22.51100 - 22.11245) and 50% Fibonacci Retracement Level.
So We Have a Bearish Scenario:
If The market Breaks The Higher Low (21.72533 - 21.57400) and Closes Below That,
I will Sell on Retest...
TARGET: 20.10000🎯
___________
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H4 - Bearish trend pattern.
Lower lows.
Currently it looks like a pullback is happening.
Bearish hidden divergence.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
✅SILVER broke a long-term
Rising support line, went down
And is making a bullish
Correction now but the
Broken line which is a resistance
Now is ahead so after the retest
I will be expecting a move down
SHORT🔥
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Greetings, dear friends. I hope you are having a productive week.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error...
Greetings, dear friends. I hope you are having a productive week.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error...
wave A has been completed with a normal zigzag with triangle correction . NOW we wait and expect a correction for wave b it can be any type of correction / either a flat or triangle .THEN we expect a 5 wave bearish structure to complete major wave 3
2 straight Silver Ls and here we go again. — price break out of a correction inside a symmetrical triangle signalling a continuation of the trend on the TF.
Entry: Risk
We got 2 important bearish breakouts on Silver.
First, the price violated a key daily horizontal support.
Secondly, the market closed below a major rising trend line.
The broken horizontal and vertical structures now compose an expanding supply area.
I would suggest shorting from that zone, expecting a bearish continuation to 21.00 / 20.04
❤️Please, support...
SILVER
New forecast
The silver price is showing weak trading now, and is waiting for a positive stimulus that will help push the price to resume positive trading and reach the expected area at 22.23 and 22.50.
Until now, we continue to favor the bullish trend in the intraday term but to confirm the billish trend should stable above 21.97 and then will reach...
A potential M pattern form for Silver with a neckline of 21.59 and the potential target below to complete this pattern would be 20.816. Breaking above 22.05 will invalidate this idea.
Hello,Traders!
SILVER is making a move
Up which I predicted
And will soon hit a
Horizontal resistance
Level of 22.252$ from
Where we are likely
To see a local bearish reaction
Sell!
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Check out other forecasts below too!
Silver(XAGUSD) - Elliott Wave Count
this is one of the possible expected moves... pls trade with caution as the count may not be reliable.
Silver - It appears that the correction wave A has been completed in the market and is expected to increase towards the Wave B target. However, the price may then decline towards Wave 2. It is important to note that if the...
SILVER
New forecast
The price of silver achieved a clear breach of the 21.35 level and ended last Friday’s trading above it. The day begins with an additional rise and is heading towards testing the 22.23 level mainly, which makes us likely to witness further rise during the coming sessions.
Therefore the upward trend scenario will be remain valid and...
Waiting for a retest of 22.514 to short XAGUSD back to 4H swing low at 20.905
If you agree drop a like and if you have any questions leave a comment :)
Silver is currently in wave 2, which appears to be a 335 flat correction. Wave A had 3 waves and now we're in wave B where we're expecting another 3 wave structure.
It appears as the bottom is in so we can use the lows as invalidation level.
Trade Idea:
- you can either enter now with stops below the lows
- Or wait for a pullback (retracement) and enter with...
