Silver has tried to regain the up channel from its rally in 2020. The short squeeze the other week git back in, but it was firmly rejected. It made another attempt in the past few days, but was rejected again. However, it clearly has a positive slope to its movement over the last weeks/months.
It is possible that the silver on the top of this uptrend channel will be supported and there is a head towards the targets. If it is rejected from the candlestick and can not close above this resistance, it can fall to the medulla of the ascending channel and the reaction to this line can lead to breaking the resistance this time, it can almost be said that gold...
BUY CONFIRMATION ON 16HR TIME WILL NOT SELL UNTIL WE GET SELL CONFIRMATIONS ON BIGGER TIME FRAMES. #BLESSEDPIPS
Silver USD is looking super bullish on the weekly. Currently forming a bullish cup and handle with resistance at $30. The next Fibonacci resistance aligns nicely with the measured move from the cup and handle pattern, and would take us to about $34.50 USD. This region for me represents the final gates to open the real bull market in silver, as we did not spend...
Silver did not manage to settle above the resistance at $28.30 and pulled back below the support at $27.75. Currently, silver is trying to move below the next support level which is located at $27.50. In case this attempt is successful, silver will head towards the next support level at $27.00. The 20 EMA is in the nearby, so silver will likely get significant...
Silver contracts ending. Big banks have big shorts at 28 and 3x bigger at 30. Based on comex puts and calls. They will do everything to keep prices below these levels until the contracts end. Also they have changed their prospectus and laws to be able to manipulate the futures market (SLV). Or something like that, just a call to do your own research. Correct me if...
Silver is currently trading within a wide horizontal trading range on 4H. 28.0 is its resistance 26.7 is its support During US session we see a test of its resistance. In case of its bullish breakout, swing move to the upside will be expected. Wait for 4H candle close above the range. Then buy aggressively or on retest. Next goal will be - 28.82 DO NOT...
XAGUSD ( Silver), Buy on H1. H1: - Structure: Uptrend - Tendency: Upward - Break and above support => BUY
XAGUSD ( Silver), Buy on H1. H1: - Structure: Uptrend - Tendency: Upward - Break and above support => BUY
Silver found support and was bullish. The fifth wave rose.28.47-28.69-28.92.
Of course i bought at 30 long, and then crashed to 26 :)) waiting to cut losses :|
It seems a bullflag is developing that should take silver upwards into a resistance point that might be hard to push through. Bullish for the moment, until the red line and thereafter a new analysis has to be made of the movement.
equalateral triangle on 5m TF - wait for breakout to determine whether we place a long or short position :) comments and/or suggestions highly appreciated
Bullish confluence of technical indicators