DAILY:https://www.tradingview.com/x/us1Soa0D/
-H&S
-Selling zone
WEEKLY:https://www.tradingview.com/x/l6fIqlUf/
-Selling zone
4H:https://www.tradingview.com/x/R1fC7pls/
-Waiting for a pattern
Silver gives the main message on the chart. While financial powers shifting from west to east, all the precious metals will be very important to state the power of any currency like in the old days. No more money printing like no more tomorrows. Otherwise the money will turn to a meaningless paper due to inflation. Gold is already shining but silver, oh my silver....
XAGEUR Currently in a Range. Placing Buy Stop on
Break of R2 Level Break
Entry - 21.24
SL - 20.75
TP1- 21.61
RR is 1:1.5 in 2 Orders
Placing a Sell Stop on the break
of S3 Support Level
Entry - 20.186
SL - 20.514
TP1- 19.89
RR is 1:1.5 in 2 Orders
Monthly:
- First structure where Bulls can kick in
- Inv H&S
Weekly:
- Bullish M
- Respecting last HL
- New action
- -68 Fib Completion
Daily:
- Possible Descending Channel
- Bullish Indicational Candle
- New action (weekly) ==> We wicked lwoer then previous daily lows where bulls kicked in
4H:
- Double Bottom
- Inv H&S
- Buyers at the Horizontal Line (black) ==>
As a European-based investor in Silver and Gold Miners and Funds, this chart departs from the US-centric approach of USD and SP and DOW and looks at the price of Silver in Euros purchasing power of the DAX. This is my first idea so stay tuned.
I see 4 points, connecting to areas of divergence. If you are not aware of what divergence is, divergence is when price moves contrary to technical indicators, such as oscillators, or other data, when the price of an asset moves in the opposite direction. I personally use divergence as a form of an oncoming reversal. If you know how to use the BBMA strategy, it is...
XAGEUR has broken above our resistance and turning it into the new support, so on this I'll execute my buying trades although I didn't catch this move from the beginning ..
XAGEUR broke down the bear flag few days ago and is dropping hard since. Recently bouced off the range lower edge support - which IF broken, I expect further fall down to bear flag target @ 16.52. Stackers, don't be sad, you can buy more cheaper!
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not...
Take any whickoff chart and overlat it on silver.
Its textbook pattern. Patterns are identical.
Silvet should now consolidate at the bottem of the range and eventually brake it do the downside with another abc move.
So:
Q2 : 18,5€
Q4 : 16,5€ first resistance
Q1 : 15,0€ bottem.
Thid means a good 20% drop from where we are. If dxy goes up to 120, eur/usd to 0,8 ,...
