main trend is + to 33$despite silver break trend but i predict it is fake down move and silver will go up,soon or late it must touch 33$ !!!!
if silver break high can fly up ,if can break low can little go down (good for buy in low and hold it 7-8 day)
green arrow = powerfull buylimit place you must put with sl=400
becouse trend is + looking for buy(buyer pressure will high) is true way ,dont allow 3-4 red candel force you sell against trend
in comming week gold and silver will go up with zigzag , even if go down ,will back to up , but if you buy in deep ,100% put SL
keep monitor AC accelator occilator and stochastic 5.3.3 in 60min and daily chart , on daily chart show + trend comming , when AC daily is green=looking for buy in 15min chart
Si1
be sure buyer target=27.50silver not touch its target =27.5 , so + trend will continue , today U.S home sell good news push gold,silver down(currection)
green arrow on chart = powerfull buy limit place but 100% put sl=400 (0.40$)
strongly advice = dont allow 3-4 red candel force you open sell ,main trend is very + , stand on buy side and dont fear looking for buy in deep(or buystop on 1hour high) to close on 27.50 or above
technical say = after currection, silver and gold will fly up
very powerful buylimit place above 26.1802 other powerfull buy limit place = green arrow sl=400
be sure in rest of 2021 trend is + ,so looking for buy only
100% put SL in low ,break 1hour last low can start new down trend
keep monitor fibo 161% in left , AC accelator and Stoch 5.3.3 in daily and 1 hour chart.... , our target 1 is 27.50 then can 30% go down(currection) then fly up to 31$ (target 2)
where is silver final target on weekly chart = fibo 161% show silver will see 70$ in next 10-12 month
🥈 Hecla Minning: HL set up for upburstHi mates NYSE:HL is perfect setup for long in rectangle pattern
here is data for my trade:
------------------------Trade setup ---------------------------
Entry: 5.93
Stop Loss: 5.64
Profit target: 7.02
------------------------------------------------------------------
If you like the idea, do not forget to support with a 👍 like and follow.
Leave a comment that is helpful or encouraging. Let's master the markets together.
us10 year yield dont allow silver grow to fibo 61%gwe belive even silver break redline trend , not mean down, sell , we will stand buy side on Ema200 daily we will buy
note=big banks,broker can push silver down (fake) to new trader inter sell , then fly up
green arrow=our order place
until 27.50= for next days put buystop on 15min chart high (sl in low) is clever stratgy
good luck
USDRUB 4H (temporary uptrend)Same as EURUSD
The current uptrend is the continuation of wave (B) of (ABC), whereby wave B is rather complicated consisting of (wxy). Further on the pair will go down one more time to 73 prior to the major depreciation of the rubble.
So in general, the Russian rubble is not ready to devalue at this time and will start depreciation together with the major correction on all the markets which I presume to start at the end of May-June 2021 and will last till October 2021
May 2021 - Silver - 17.03.2021Are Silver forming a corrective pattern?
1. Fundamentals
Market seems to wait news comes from FED's meeting.
But, ETF's holding Silver as well as disappointing US Reading (i.e: US industrial production/capacity utilization); i think, US dollar will be lower and it pushes silver higher.
2. Technical.
Silver are currently in corrective pattern as i draw in my pic.
25.45 - 25.70 is a support zone. I think, this is a potential reverse. Traders could wait actions happen in this zone.
In my opinion, i think, silver will climb higher and reach 27.05 in coming days.
UPD on SilverMarkets are still closed, yet Silver futures are up +10% so far. $XAUXAG, $SLV, $SIL, $SILJ
Do you believe that all RH type retailers are having futures accounts and buying contracts?
Well, probably not.
The price increase are brokers who are hedging the spot market, bullion banks that are building short positions and miners that locking prices.
Silver is not a penny stock to "go to the moon" in a day. As I said it's already up +10%. This is huge for
the silver market.
There is not possible way for bullion banks to lose control on the derivatives side, because they simply can print as
many contracts as they like through their unlimited access to liquidity. We are talking about JP Morgan et al here. The only
way they can "lose" is though physical sales, that is coins and bars from dealers who have contracts that stand to deliver. If demand in physical increases, dealers will order more pushing hedgers to their limits, as bullion banks are historically always short the market.
There will be huge gaps today in everything related to silver and miners: SLV, SIL, SILJ. When market opens, possibly
the "silver squeeze" army will dive into calls to push the price up. Probs that silver will move meaningfully higher are few, but who knows? Never say never. I wish all my assumptions are wrong and goes to the moon. The purpose of this note is to make you think, use tight stop losses and be on alert that silver maybe will dive along with indices in case of a credit event. With VIX elevated and US High Yield CCC at the bottom demand zone as I've posted, we are probably due for a credit event near soon as liquidity dries.
The Silver / Gold ratio I've posted reached supply (resistance) zone already.
Silver's monthly chart is entering into supply zone a bit higher and it's right now at the NL of a giant IH&S with Price Objective around $49.50. Do you think that this area will be cleared that easy because of a retailers' like us short squeeze when hedgers are only -73K contracts short as per latest CFTC report and silver's sentiment index is entering optimistic area? Probably not again. Usually, moves like this, take place when sentiment is pessimistic and stops are taken for breakfast.
Price is already into supply zone of the quarterly time frame
Regarding miners and the watching list I've posted late December, for those who took any trade, I'll sell 50% into strength today, tight my SL's and trail the rest, pending today's Price Action. Silver looks like it's reaching the middle of the daily cycle and maybe will start correction either in price or time, especially if dollar clears 91.20, the NL area of the IH&S in the daily.
www.tradingview.com
Again, I wish I'm wrong and all goes well. Hourly chart looks constructive so far working on a bull flag.
Take care guys,
Markets will always be there
Cheers, all the best
P.
Silver Trendline Breakout, $30 TargetSilver has broken above the downtrend line that formed after price peaked at $30/oz back in August. This breakout comes on the heels of a double bottom pattern that formed in the $21-$22/oz area from Sep-Nov which combined with the trendline breakout indicate that traders are likely going to take price back up to test the $30/oz level again. The current price candles are yellowish-lime in color which indicate bullish momentum volatility. In general price will continue to rise as long as there is bullish momentum volatility.
The PPO indicator shows the green PPO line rising above the purple signal line which indicates bullish short-term momentum in price. Both lines are crossing above the 0 level which indicates that bullish momentum is forming in the intermediate-term as well.
The ADX indicator shows the green DI line above the purple DI line which indicates a bullish short-term trend in price. In order for the trend to be considered strong the histogram in the background needs to be rising which for now it is not.
The TMI indicator shows all three MACD histograms above the 0 level which indicates short, medium and long-term bullish bias in momentum.
The TDI indicator shows the yellow RSI line rising above the horizontal 60 level which indicates strong bullish momentum for price. The TDI background is shaded green which indicates that there is bullish momentum in the intermediate-term as well. The yellow RSI line is also above the upper blue Bollinger Band which indicates short-term bullish momentum volatility.
Overall, silver price looks good for a move back to $30 on this breakout.
50 Year Chart of Silver - Two Major Bullish Patterns DevelopingScroll below for My background on silver and three things I learned:
You're looking at a quarterly chart representing silver's price history since 1970.
A) I'm seeing two bullish chart patterns developing:
1) Ascending triangle
2) Cup and handle
B) Significant break of structure:
The light blue rectangle highlights how significant $18 - $20 has been in the last decade+. This is why last quarter's breakout was huge.
Local peak in January 2008
Major breakout point in July 2010 before reaching new all time highs
Key resistance for 6 years (2014 - 2020).
Breakout in 2020.
Now here's where the 50 quarter moving average and the 21 quarter moving average are crossing:
It's also the .618 retracement from the March 2020 low to the recent peak in July:
Some background:
I have a long history with silver. It was my best trade in 2011, and also my first big winner along with uranium mining stocks in the same period. Winning that trade is what really got me obsessed with markets. I became attached to commodity markets because that's where I saw some success. But I stopped doing well for the next few years (2012 - 2015). Then in November 2015 I started buying Bitcoin. After BTC's big run, whatever confidence I lost in being a trader was restored.
Three things I learned:
1) Becoming attached to any single market gets you emotional and blinds you of other opportunities.
2) Know your time frame of your analysis and respect it.
3) Long time horizon set-ups have the highest probability, but require the most patience.
Here's my analysis on the USD in 2016. If weakness in the dollar is about halfway into its cycle, the final half may be the catalyst:
And here's my last long term analysis on silver in March 2018:
- Thanks for reading
Silver Running it's final Rally
Silver is going to rally to its strong SUPPLYZONE
The selling pressure will possibly activated as price goes near to cluster of high selling volume (point of control)
In which, big money on short position will incur higher selling force to resist price rally above SUPPLY ZONE .
While long position trader will trigger selling order to take profit near SUPPLY ZONE .
Large selling order being placed near SUPPLY ZONE , shall then make significant price retracement to at least fib 61.8%