This has to be the biggest Cup & Handle Formation in Human History. Holy Smokes. Ok, let's dive into the Fundamentals: 1) Industrial Demand: Silver is essential in various high-growth industries such as electronics, solar energy, and medical devices. As technological advancements continue, the demand for silver is expected to increase significantly. 2)...
On the above monthly chart Silver has corrected over 35% since the year began. A number of reasons now exist to begin accumulation. Why? 1) A ‘incredible buy’ signal prints. See weekly chart below. Not since September 2018 has such a strong signal like this printed. 2) A strong Dragonfly DOJI candle printed with the close of July. This told us $18 was very...
Silver is showing us a perfect impulsive wave in accordance to Elliott Wave Theory. The basic principle of an impulse wave is as follows: Impulse waves = 5 waves Wave 1 - is made up of 5 subwaves (impulse) Wave 2 - Is a corrective wave made up of 3 waves (correction) Wave 3 - is another impulse wave made up of 5 subwaves (impulse) Wave 4 - is a corrective wave...
The Price of Silver Has Reached Its Highest Level in Over Three Years As indicated by the XAG/USD chart today, the intraday price of silver reached $29.84 per ounce yesterday, while the previous yearly high on 12 April was $29.79. The last time this price was seen was in February 2021. It is worth noting that today the price of silver is behaving more bullishly...
SILVER I bought the dip and re-entered silver at support with a limit entry as we looked at before... It printed a bullish hammer / dragonfly doji with buy pressure coming in @ support. It looks good here and both gold and silver are in lower time frame descending wedges. The correction may extend but this could also just carry on up from here into a very wild...
XAGUSD probably facing long term resistance at 48.88 +/- and dropping 61.54% +/- before taking off to the moon..
possible deep correction. target price : 20.50$/oz. trade invalidation level : daily close above 33.00$/oz. good luck.
XAGUSD - SHORT Look for sell setups and risk small. always use SL xagusd should drop or give a big correction for one more up. V.Ragu
Silver (XAGUSD) has exhibited a robust bullish trend on the daily timeframe. We’re currently seeking a buy opportunity aligning with the trend continuation, assuming price action plays out as per the analysis presented in the video. The video covers essential aspects such as trend analysis, price action, market structure, and a potential trade idea. Remember to...
Short Term Elliott Wave in Silver (XAGUSD) suggests the metal rallies in impulsive structure from 10.3.2023 low. Up from there, wave (1) ended at 25.91 and dip sin wave (2) ended at 21.94. The metal then extended higher in wave (3) towards 29.79. Pullback in wave (4) ended at 26.02 as the 1 hour chart below shows. The metal has resumed higher in wave (5). Internal...
Hello,Friends! SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 28.879 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SILVER pair. ✅LIKE AND COMMENT MY IDEAS✅
We are looking at Silver approaching the extension. This is a solid area to start looking for SWING SELLS on Silver. Share your thoughts below. The Professor
Silver went up rapidly on Friday, violating a massive psychological resistance cluster. With a high probability, the broken structure turned into support. The market has a nice potential to go higher after a pullback. Next resistance - 34.0 ❤️Please, support my work with like, thank you!❤️
Here is our detailed technical review for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 31.547. Taking into consideration the structure & trend analysis, I believe that the market will reach 28.697 level soon. P.S Overbought describes a period of...
In smaller timeframe Silver start to show bearish signal
There is no reason to fomo into #gold, #silver or the #miners. The true move has not even started yet. Still very early.
Silver has printed very clear bullish Wolfe Waves on the weekly and monthly charts and it has reached the target of this wave pattern which also coincides with a hefty supply order block / resistance. Something to take into consideration.
We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead. During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most...