Short

Updated

Ive run out of my 50 moments for the day lol

trading view treat you like a spammer for helping people lol

we are about to take profits.

i cant guide you through im sorry only on this new thread

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sorry make profits

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short silver:
We are over the neck. what i fiind from trading mtops for far too long is. that it goes over the neckline and price often retraces. You will find it retraces aggressively sometimes. but know that from a technical analysis perspective that once the neck is breached in a big mtop like this one price IS goiing down further.
I told you where to book profits down around 2484 but I cant promise price will get that far down. Book profits when you feel coomfortable

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also the market markers run the price back up for a retracement so that trader dont see the critical levels the oscillatorrs are at. The weekly stocjastic is also very overbought.

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lol i was just spaming the wrong chart the silver chart.

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I would be worried if price broke up there. but only worried for you because i booked most my profits and waiting for anoher movedown

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this is a 15sec chart i pulled up. it looks bearish to me

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Theres literally so many things you gotta watch. I like it when price falls out of SHAPES. it always tells me something. So when price broke from the triangle I thought we would go down. Then I thought I willl zoom oiut of this triangle and take a look. What do I see. A bullishh head nshoulders onthe 1m. Now we have to wait for this to play out to the upside it wont be much its 1m. timeframe. After its pattern complettion i will go short on it.

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correction 15 second TF

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so far price has remained under the yellow 9ema, 20,50,200

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On the 30m its a similar theme. Price has come down a double top and price always then wants to retrace but there is no momentum because the hightime frame rsi and stochastics including the king weekly are telling me there is more selling to be done to get out of this overbought condition

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I find with MTOPS they breach the neck and almost instantly retrace sometimes back up about50% and the selling contines and further down we go but the next leg is aggressive and impulsive

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New analysis... click. chart and scrolll to the bottom

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Good morning everyone. TradingView have advised me I have used up my alotted messages and threads in a day, you get capped for spamming Lol.
We can look for a trade today Wednesday in New York session. It will probably be a Short guys because the. momentum down short-side is clearly the path of least resistance.

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Its a big short on Silver but the neck is still 9% below current price and even then. I would be careful shorting it straight away as price has not retested.

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Guys I got a trade short on silver.... on a retracement.

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SELL Silver XAG USD limit or market order
Sell anywhere from 29.30 to 29.33
SL 29.42
* I recommend you risk only 0.25 to 0.5% of your capital

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An idea on the short trade. I like how price has fallen out of these rising wedges.

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If you went short silver. The daily Oscillators are supportive of lower prices. We dont want strong buying of course because the 4hr is a bit oversold from all the selling in the Asian session.

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Its a bit of a battle out there as they try to bid up the gold and silver price from these lows but I think it has further downside.
The other thing is that the asdx is rallying up nearly 0.5%. This would make the gold and silver price be bearish.

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Silver and gold price will retrace the right side of the M formation over. and over. Once Silver is ready there should be a break below from this blue triangle and that should be the start of next leg down.

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Update on silver short:
this bullish head nshoulders has emerged on the 5m. But it has not broken the neck yet nor has price retested. I also see that countering this bulls-pleaser is some opposing bearish formations like double tops. Keep an eye on it. If it does execute the price will take offf upwards. Keep you posted.

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a break below 2493 & should get a big n fast run down

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Here is a short on 1HR XAUEUR... Euro Silver... But this has not retested. Up to you if the gold price tanks at the same time it wont have to retest

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The weekly Stochastic is starting to wake up. ONce it crosses through 80 alongside bearish momnetum with the rsi it will get wilder in price downwards.

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my apologies.... yellow is 9ema light blue is 20

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Im going to take most profits from short silver in that next buy-order block... see the yellow dotted line that is still 1.5% away from current price. Or lock in profit earlier up to you! If price for silver gets to that yellow dotted line that would equate to silver down 4% on the day which is about right.

Order cancelled

I exited guys I did not the last big candle.

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the 1hr 2hr 4hr oscillators are in oversold positions now. The daily has lost the momentum down. But i dont know for sure.

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Possible bottom to go long:
a level i follow all the time is the 1hr 50ema. The gold price is poised on it right now

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I can assure you I am scaling back into buy positions accumulating with small lot sizes. You can't go wrong buying the gold price at 2505 imho

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