A breakout of the rising wedge strengthened the case for an upcoming bearish H&S top in Silver. Should the $26.7 level be breached the min target is $23.5
XAGUSD Bearish flag pattern target all the way upto 26.50
Silver showing strong fundamentals with an entry from the 1hr technical timeframe, SL moved under the recent swing long and will hold out for more on this
I noticed this today (4 July 2023) and thought I'd share it with the community. I see bullish and bearish indicators both at play, but this could be a good thing.
Looking back on the chart, massive climbs were often preceded by abrupt dips. Stay shark.
Chart looks better. Looking for bullish momentum Looking at OB and Order flow to enter.
Looking for opportunity in this coin. Need to see more confirmation to enter. More Bullish intention coming need to be seen. Still very cheap coin.
Looking like it is time for the usual silver rug pull. Silver has not once not destoryed the perma bull, death of the dollar, metals are money cult. They even agree the game is rigged, yet still fall for every sucker rally. Just because you have a physical object in your hand it does not make it some superior asset.
Looking at the chart on 23 April, one can see bullish divergence and double bottom pattern appearing. Therefore, if one could have taken entry after waiting for confirmation once Neckline is broken. Stop loss will be double bottom line, while TP1 and TP2 will be equal distance measured from double bottom line to neck line as depicted on chart.
This is my Setup for XAGUSD. Market has broken the structure to downside which i think is a valid ChoCH. I have identified 2 POIs in this setup for Short. Decisional POI may behave as SMT, so look for LTF confirmation for entry. Thank You.
Gartley forming in silver could be a huge oppertunity to make some good profits. Lets wait and see how it plays out
XAGUSD 15MIN R:R = 3 DBD ZONE : This zone is calculated by supply and demand method
With current fall of metals in the past week, a lot of traders think we have a change of trend, i do not believe this is true. We were very bullish and the market can’t just pivot without fundamentals behind it. Silver is a highly used material, it is in demand as Tech company use it in the solar industry, and Medical equipment made from it, just to name a few....
The breakout occurred yesterday and today the neckline could be the bounce target since the bounce is forming a rising wedge. The upper limit of a potential Elliot Wave count would be invalidated should the horizontal red line fail to cap a rally which surpasses the neckline. After the current rally is completed a swift reversal to test the $25-26 range appears...
Momentum Regimes: Commodities Ascertain which phase a commodity may be in, as per the momentum regimes. Ranked from overbought to oversold.
Silver has broken out of a 4 year old resistance and it has a potential of about 100% ROI in the long term to touch it's all time high. RSI, Momentum and Trend intact and as the consolidation breakout is after 4 years, the price move would be significant, expecting a minimum 30-50% ROI. I would consider Silver Bees to invest.
Gold and silver were sharply lower first thing this morning, and they extended their losses during the afternoon. It may sound like a bit of a cop-out in terms of an explanation, but both metals were well overdue a significant pull-back. Gold in particular, has rallied relentlessly since mid-February with little in the way of a pause. Now traders face the same...
Short into 2022/2023 to $17 or (if break 2008 trendline) to $7 Long after 2022/2023 to $42