A constructive count for silver? As always, lots of different ways to look at this but I quite like this one because the 16.185 level will tell me one way or the other if this count has any merits or not.
I present you another chart analysed with @coinobsalgos indicators.
Phantom is signaling bottom on the 120 and 240 time frames,
Which usually results in an up move to the midline,
Midline prices are displayed in red.
Silver CFD vs SLV etf
I will be trading the ETF with $16 calls, Just below the...
Hello everyone! I'm excited to say, that my region of interest has been hit! Been waiting for this moment since OCTOBER.
If some of you remember, in my last idea I said - region to consider buy orders are at $16.40-$16.60..
We had very bearish weekly close, so dips lower than 0.618 are possible.. Personally, I think this white zone is ideal for investors and...
just some infos.
Following surprising NFP datas today, silver has fallen below B whilst Gold/Silver ratio has run above.
Gold instead remains above B.
Does it mean that Gold will soon follow Silver? I don't know...I am asking. Lol
Here a link to the explanation provided by Investopedia in respect of the Gold/Silver Ratio:...
Since the great breakout, we are about to
have another opportunity to load up on some
more silver after the 61.8% retracement or
pullback has completed.
Based on the length of the bearish flag pole
I believe that silver will puncture the 61.8%
level and enter the Buy Zone as outlined.
While I don't believe in shorting silver in a
bull market, it is necessary...
Silver is testing the long term neckline again as support...Will it Hold?...If not I expect the price to drop toward the $15 dollar level...Possible Megaphone pattern developing...If Silver Holds and has a nice bounce up off of the long term neckline then I expect Silver to continue Upwards towards $21 level...We should find out soon!!!
I'm following this scenario since begening of January and it appears that the SILVER price structure could trigger an extended wave 5 with a wave 1 / wave 4 overlap.
The potentiel end of Wave 4 could be in the area with a major cluster of :
-61.8% of Wave 3 length
- Low Weekly BB which is shrinking
-Overlap of Wave 1
I'll have a closer look on potential signals...
Silver went up almost 40% in three months this year, from may to august and it has corrected about 16% since then. So my general view is that it will eventually resume the uptrend and the important breakout it had in may.
I'm watching 15.6 for support, that area will be very important imo. I'm not expecting that we'll go straight down to that area but i...
Silver has gained about 1000% in about 8 years from $4 in 2003 to about just under $50 in 2011.
From there Silver retraced 78.6% to about $13.80.
The current recovery has seen a near 40% gain.
Current estimate is that Silver will reach close to $23 by tax time 2020 and then reach further to about $27 in the beginning of 2021.
silver is trading in an expanding triangle labeled as wave 4 (iv) and just finished the final leg expected in this triangle.
we are waiting for NFP report in 40 minutes in which i expect a move lower for silver to finsish 5 waves down.
16.30 level is interesting level to long again silver.
We will be looking for this set up on Silver.
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Silver has been in a deep correction of a Bull Market since July of 2013, with price trading above the 50 week ema, which is below the 200 ema, and both still above the 800 week ema. The 50 week ema is currently trending up, though price has traded down to test the 30 ema and 200 ema around 16.7. A bounce off of those emas is in progress.
The Commodity is in a...
If the trend is upside or in downside i will inform in the chart and there will be a PB can occur and some correction may start so MIND that DONT TRADE THE CORRECTION and what i am expecting the CORRECTION....Wait for the PB ends...and give entry in the trend side...If u r doing the PB and correction u will took loss ....trade only in trend...
There has been a lot of talk about the precious metals recently (Gold / Silver) with many different reasons for the resurgent interest in precious metals ranging from the classic "store of value" to "finite resource" to "growing lack of trust in fiat currencies".
From a Fundamental Analysis point of view I don't really know anything about Silver...