Repositioning Silver to buy H4 19.08.2024 Repositioning Silver to buy
Silver has formed a pattern of repositioning to buy
and if the pullback is given, I will look for a buy at 1/2 margin 27.90 to continue the growth.
I am targeting the area of 30, and further I will clarify.
On options bounced off the option hedge area at 26.50
and the hedge up around 30 and 32 is filled.
The main OI has now moved to the new December contract,
so be careful with volumes, they have only just started to come in from last week.
Silver
SPY/QQQ Plan Your Trade For 8-19 : Gap Potential (Consolidation)This short video shows you why I believe the US markets will move into a consolidation phase over the next 5-7 days. This phase will likely represent moderate volatility with a Bozu Trending bar on Tuesday (8-20).
That Bozu Trending bar may be very explosive in price range.
Sit back, wait for the lows to setup over the next 5+ days and position your trades for the bigger Vortex rally phase setting up in about 7+ days.
If my research is correct, by 8-26 or so, we should be moving back into the Vortex Rally phase again.
Gold, Bitcoin, Silver, SPY, QQQ and others will likely consolidate this week unless there is big news.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Silver H4 | Pullback resistance at 50% Fibonacci retracementSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 29.14 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 29.60 which is a level that sits above a pullback resistance.
Take profit is at 28.09 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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BRIEFING Week #33: Market are bumpy, be cautiousHere's your weekly update ! Brought to you each weekend with years of track-record history..
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SILVER Will Go Lower! Short!
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 approaching a key horizontal level 29.041.
Considering the today's price action, probabilities will be high to see a movement to 27.071.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Silver H4 | Falling to 61.8% Fibonacci supportSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 27.24 which is an overlap support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 26.20 which is a level that lies underneath a pullback support.
Take profit is at 28.54 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Gold Ripper Rally Set For 8-16 into 8-20 Targeting $2575-$2650Have you been following my research on GOLD?
This next move will likely be a very strong Ripper-Rally where Gold will break through the dual Flag Apex and move dramatically higher over the next 5-10+ days.
I will let this video tell you all you need to know.
Remember, watch my Gold Dual-Leg Rally video too.
I wonder what the "driver" of this rally in Gold will be?
US-Dollar?
Foreign Markets?
Some political or geo-political news?
Something will send Gold upward $75-$100+ over the next 5+ days.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SILVER BEARS ARE STRONG HERE|SHORT
Hello, Friends!
SILVER pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 27.619 area.
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Silver Short Idea for June Seasonal Outlook 🌦️
June has historically been a challenging month for silver. Seasonality analysis suggests that silver often experiences weakness during this period. Various factors, including market liquidity, investor behavior, and macroeconomic conditions, contribute to this trend. As we enter June, these seasonal patterns may play a significant role in influencing silver prices, potentially leading to a decline.
Commitment of Traders (COT) Index 📊
The COT index, which measures the positioning of different market participants, offers valuable insights into market sentiment. Currently, the 6 month COT index score for silver is at a bearish 3.8%, while the 3-year rolling COT index score is even lower at 2.3%. These figures indicate that smart money—typically the more informed and larger traders—are significantly short on silver. This bearish sentiment from smart money contrasts sharply with the retail traders, who are predominantly long on silver. This divergence often suggests a potential reversal or pullback in prices as the smart money tends to be on the right side of the market over time.
Technical Analysis 🔍
Despite the overall uptrend in silver prices, several key technical signals suggest a potential pullback is on the horizon:
Break of Structure: A higher time frame break of structure has been observed, indicating a potential shift in market dynamics.
Buy Side Liquidity Taken: Recent price action has taken out buy-side liquidity, potentially trapping retail traders who are long.
Imbalance Left Behind: An imbalance left on the H4 chart adds to the expectation of a corrective move.
Given these factors, a strategic short position could be advantageous. The proposed trading plan is as follows:
Entry: Sell at $31.24
Stop Loss: Above the recent H4 high after the imbalance
Take Profit: $26.80
This plan aims to capitalize on the expected pullback to a daily demand level before any new buyers step in.
Conclusion 🧩
In summary, the seasonal weakness in June, coupled with bearish signals from the COT index and technical indicators, supports the case for a short position in silver. While the overall trend remains up, the confluence of these factors suggests a pullback is likely. Traders should consider the outlined strategy to navigate the anticipated market movements.
SPY/QQQ Plan Your Trade For 8-14 : Today Is A RALLY DayToday is a RALLY day on my SPY Cycle Patterns.
After the recent base/bottom in the SPY and the subsequent reversion to the upside - I expect today's rally to be somewhat muted in size. I'm not expecting a large range rally bar to form today - although it could happen.
The reason I'm not expecting a huge rally bar today is because we've already seen a very strong upward price move - particularly yesterday's Breakaway pattern.
I see the markets right now: they've already moved substantially higher (more than 61% of the recent downtrend) and are likely to stall out a bit before attempting to move higher.
Price never moves in a straight upward or downward trend. There are always pauses, pullbacks, or countertrends along the broader price trend, and traders need to expect them as the broader trend plays out.
Today, I'm expecting the price to attempt to melt upward but, at the same time, reflect a "pause" in the rally phase—essentially, slow down the rally phase a bit.
I do believe the IWM (Russell 2000 ETF) may offer traders a great opportunity. The undervalued sectors have been weaker than the main US Indexes. The Russell may trend broadly higher today in an attempt to play "catch-up" with the other indexes.
Gold may be making another big move higher - possibly starting the second leg upward.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SILVER - Catch The Next BIG Wave!Our last 2 analysis of Silver has played out perfectly!
We identified that we were in a 5 wave impulsive move and were looking for wave 4 completion.
We have finally completed wave 4 and we are ready to load up for the 5th wave!
Trade idea:
- Risk entry anywhere above invalidation
- Safer entry on break of red trendline
- Stops below invalidation
- Targets: 32, 34, 36
Goodluck and as always, trade safe!
See our last 2 Silver analysis below.
Are we finally ready to move higher in GOLD?In a gold bear market, Barrick Gold's stock hasn't done much at all and ultimately has underperformed as investors anticipate lower earnings. However, investors might see this as a buying opportunity if precious metals see liquidity rotation out of the more overpriced and inflated assets.
$SVM | Allocation | Market Exec & Buy Limit |Technical Confluences:
- Elliot wave seems to be in the middle of a Wave 3 count. Completing the Wave 3-1 and Wave 3-2. Next, should be the beginning of Wave 3-3
- Price action is close to an Interest Zone and is also at the 200MA
Fundamental Confluences:
- SilverCorp Metals focuses on Sustainable Silver. Both words that delight financial investors. Silver being a precious metal and sustainable being the bank's new hype. ESG-story.
- Their project involves themselves in the green energy sector and it gives you the exposure of precious metals in the portfolio as well
- Both retail and industrial sectors have solid demand for Silver and Gold and SVM has got it both
________________________________
AMEX:SVM will give me some exposure to Precious Metals in my Long-Term portfolio and is in the direction of sustainable green energy. Will green energy be the future? We shall see.
In the meantime, 1st allocation into $SVM.
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
MarketBreakdown | GBPUSD, USDJPY, NZDCAD, SILVER
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸
GBPUSD broke and closed above a resistance line of
a bullish flag pattern on a daily.
Because the pair is trading in a long-term bullish trend,
such a violation is a strong bullish signal and a clear sign of
strength of the buyers.
I think that the pair will continue growing.
2️⃣ #USDJPY weekly time frame 🇺🇸🇯🇵
The market is very close to a recently broken
major rising trend line that turned into a resistance after a breakout.
I suggest looking for a pullback trade from that because
a bearish reaction will most likely follow after its test.
3️⃣ #NZDCAD daily time frame 🇳🇿🇨🇦
The price formed an ascending triangle pattern on a daily.
We see a breakout attempt of its neckline at the moment.
A daily candle close above the underlined blue area will be a strong bullish confirmation.
A bullish continuation will be expected then.
4️⃣ Silver #XAGUSD daily time frame 🪙
Looks like Silver has completed a correctional movement
and returns to a global bullish trend.
A recent breakout of a key daily horizontal resistance confirms
a local dominance of the buyers.
Do you agree with my market breakdown?
❤️Please, support my work with like, thank you!❤️
SILVER Will Go Higher! Buy!
Take a look at our analysis for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 27.735.
The above observations make me that the market will inevitably achieve 30.577 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
WEEKLY FOREX FORECAST AUG 12-16th: USD INDICES GOLD SILVER OILThis is Part 1 of the Weekly Forex Forecast AUG 12-16th.
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.