Hello everyone, I like to provide you a detailed elliot wave analysis on silver. In my opinion we are in the middle of a higher degree fifth wave. The elliot wave rules I use: Standard: - Wave 3 has to be the longest - Wave 4 can not overlap with wave 1 Advanced: - Target levels are 1,5 to 1,618 (wave 3) and 2.272 to 2.618 (wave 5) - Wave 3 needs to show a...
Hi Traders ! On Monday 12 August, The Silver reached the resistance line and failed to break it ! The price formed a double top pattern. At the moment, The neckline is broken ! So, I expect a bearish move 📉 _____________ TARGET: 26.63600🎯
I think TVC:SILVER might be preparing for a Massive Breakout from a 45 YEAR consolidation period. This will happen gradually over the next few years. I think current prices are great for getting in to this. I have been buying up silver weekly for the last 2 months on Revolut as an auto-purchase, and will continue to do so. GOLD has had its breakout already....
Silver is breaking out its long term consolidation and triggering a bullish reversed Head & Shoulder pattern with a target in the $42.50 area. Next resistances at the all time high near $50 then the line linking the top of the channel near $53. A break below $23.50 would invalidate this view. ________________ With gold and copper making all time highs, the...
Channels are an incredible tool for technical analysis. Today we're going to put them to the test with the recent moves up in silver, as it looks like the precious metal is currently sitting at a decision point that can (still) go either way. MEASURING IMPLICATIONS OF CHANNELS The real power of channeling is greater than just working with a supportive/resistive...
I found this cycle. But maybe we need a stagflation for this cycle. So look at macro economics be carefully about stagflation on next 20 years.
Hey Traders, in today's trading session we are monitoring XAGUSD for a selling opportunity around 23 zone, XAGUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 23 support and resistance area. Trade safe, Joe.
Hey Traders, In the current trading session, our focus lies on monitoring XAGUSD for a potential buying opportunity within the 24.15 zone. Silver, having previously exhibited a downtrend, has effectively surpassed this trend, prompting our attention. Presently, we are awaiting a corrective phase to assess the likelihood of a retracement in the direction of higher...
💬 Description: The metal is trading below 1948.160 , where the price was after testing the previous price area (balance), thereby confirming our assumptions about the strength of the seller. All the current downward movement is taking place as part of a correction, which is likely to continue in the first half of this week. The nearest support is located at the...
Silver is going to continue downtrend to 21.250$. After testing this level we will review price chart to get next signal. Follow To Get Next Signals.
XAGUSD is repeating the same pattern. In late September silver created the same pattern , formed strong support level and once loss that support , there were some red days for silver bulls. Now silver again forming support zone in same area of value, if it again loss this level, then are we expecting red days for silver again ?
Silver is going to test 21.650$ level by the end of the week. Follow To Get More Signals
As you can see, gold in severly oversold. It has an very low RSI turning up, and finally a green candle forming after many red downward candles. Looks likely it will bottom around this area and probably head back up to the previous support level which is around 1913. Of course, it could go up only a little and make another lower dip, but I doubt it.
Silver (US$/Oz) Breaking drown from a long term support trendline (22.197 levels). Crucial support levels to look for : 21.376, 20.7-20.52 and worst case 19.945. Although if macro factors support we can see a demand uprise and a subsequent pull back to 21.376 and rally upto previous long term trendline levels.
Hi Traders! There is strong resistance on Silver at the psychological 25 level. After the ascending channel break, there was a bullish wave towards the 25 level, and we now have a big slowdown in the bullish momentum. Looking at the price action on the chart, the market looks like it wants to break the 25 level to target our long-term resistance level at 26.129,...
Hi Traders! There is a potential double top pattern forming on the Silver 4H chart. This depends on the very important level on the chart, which is 23.091. Originally, we had a price rejection at 23.091, which we marked on the chart. The price rejection formed a price channel to the downside; there was then a break of this channel in an attempt to re-test...
Hi Traders! We have spotted a potential support break opportunity on the Silver 1D chart. The price action suggests that the market may want to go down to test further levels below. After a double top resistance at 26.129, there was a pullback into a price channel break, and then the market found support at 22.117. There was then a falling three methods candle...
Preferred direction: Neutral Comment: The sell-idea by 1900 is working out very well, and the approach to this level in the short term is highly likely. In the case of holding shorts, you should at least move to breakeven. For longs - you can gradually gain, or wait for the approach to 1900 and buy more aggressively. Thank you for like and share your views!