Deeper Lows Ahead Before Reversal in SILVER ? Elliott WavesThe chart suggests a potential downward trend for Silver to complete wave (C) Blue of wave ((4)) Black and then wave Uptrend ((5)) Black.
Elliott Wave Structure:
The chart appears to be in a corrective wave structure, likely a Zigzag.
The current position seems to be within a corrective wave ((4)) Black in which wave (A) & (B) are completed and now we are unfolding wave (C) Blue of ((4)) Black.
Inside wave (C) we had completed wave 1 & 2 and now we are unfolding wave 3 Red in wave (C), post wave 3, we have to unfold wave 4 & 5 Red to finish wave (C) Blue of wave ((4)) Black.
Potential Scenarios:
Downside: If the downward trend continues, the price may reach Fib extension level where wave (C) equals with wave (A) and some times may goes towards 1.236 Fibonacci extension level.
Post completion wave ((4)) Black, we may see Reversal towards new Highs to finish wave ((5)) which generally goes beyond wave ((3)) High.
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Silveranalysis
SILVER IS BULLISH TO $34!Silver Long / buy idea
On high timeframes monthly & weekly silver is bullish and currently at a higher low which also aligns very nicely with a strong support level which is being rejected.
On the daily timeframe the SMA's have crossed and the market does look to have pulled back and is currently rejected that price level which is good confluence that the trend is changing on the lower time frames to a bullish trend, which again is confluence of a bullish market due to the overall trend being bullish as shown on higher time frames
On the daily & 4hr the fib also aligns very nicely with other technical factors, the market has touched the 61.8% retracement level and looks to be rejecting that area.
The fib gives a target price of $34 which is slightly under the ATH. I would st stop at around $29 to give some protection from the support level, if price does pull back down then the support is there to act as a barrier to rebound the market and stop us from bing stopped out.
1:4 RR on this trade with a potential 12% ROI.
XAGUSD.. at support? or breakout??#SILVER.. market is at Edge,
that region was our major region in history from 30.75 to 30.95
and now again market at his major region neck line and if market break that area then you can see a further drop towards our supporting areas.
stay sharp..
good luck
trade wisely
SILVER possible longs2024/12/11
M1 : Currently Bullish tapping into the
demand zone
W1: MSS towards bearish side
D1 : Bullish
4H : Consolidating
Narrative : Overall Monthly leg is bullish >
Weekly is currently Bearish > Daily has shifted
from bearish to bullish probably retracing
towards the weekly premium zone > 4H is
currently consolidating > when 4H turns bearish
and comes towards the D1 fresh OB we can look
for the long trade
Case 2 : Price has already tapped the weekly
premium zone and IMB, so if the 4H doesnt show
any reaction on 4H and do a MSS on daily leg
we can look for short trade too.
SILVER - Idea for a long !!Hello traders!
‼️ This is my perspective on SILVER.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I want price to continue the retracement to fill that huge imbalance and then to reject from bullish OB.
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Unveiling the Path: Silver's JourneyHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
SILVER NEW HIGH COMING SOONSILVER after making new high made bearish H&S pattern on daily charts but couldn't fall further & arrested @ 86800 & pulled back.
Silver tested 86800 twice & made double bottom.
It confirmed double bottom pattern & negates bearish H&S pattern by breaking 914450.
Small hiccup @ 92525 before making new high.
Stop losses as per trader (89850 & 86800)
Target 100000++
Silver 4hr Timeframe Silver has risen by 3.90% in just over a day. I anticipate a reaction around the 30.7399–30.8383 zone due to multiple confluences, including a reversal point, a 4-hour order block, the 0.618 Fibonacci level, an ascending trendline from November 13th, and structural factors. This area presents a potential sell opportunity, with a target drop to the 30.2753 level.
Meanwhile, gold is approaching my area of interest, which appears to be another promising sell setup. If both gold and silver align as sell opportunities, it’s a strong indication of market synchronization, increasing the likelihood of this scenario playing out.
Dollar Index Basket
Is now reacting off my area of interest I expect double tap to then move higher
Gold 1hr
my area of interest for gold 2669.412 -2673.545
Working off the fall of Silver. H4 26.11.2024Working off the fall of Silver 📉
Silver continues to fall, which I showed in the last analysis . On Monday we got a pushing volume down and if they give a new pullback, I advise to sell with targets around 29 and below. There is still potential for decrease. Major volumes remained up, major segment is also overlapped down and DPOC contract near 31.30 accumulated which gave a reaction down.
CAPITALCOM:SILVER
Silver is in the bullish trend after testing supportHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
XAG/EUR "Silver vs Euro" Market Heist Plan on Bullish SideHello!! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry in pullback.
Stop Loss 🛑 : Recent Swing Low using 4H timeframe
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XAG/GBP "Silver vs Pound" Market Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XAG/GBP "Silver vs Pound" Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry in pullback.
Stop Loss 🛑 : Recent Swing Low using 4H timeframe
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
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Hmmm seemed to be false this false that in Silver. HnS Fake.
Silver and Gold had this divergence right through the NY session. I think the Silver-ghost was hunting stops. I know that Gold & Silver trading is not geared towards those who may want to place bigger orders, that is frowned upon.
It's an interesting concept, when one considers the massive liquidity of Gold trading, but im afraid they are bigger penny pinchers than some of the currency market makers out there. Which reminds me, I had an order in for GBPUSD and I was stop hunted in the New York session. Anyway, I said I would be making a complaint to ASIC here in Australia. That grub disguised as a grey-ghost seemingly, stole nearly $100 from me. I warned him to leave my area and stop, but his money manager would've been trying to meet mid-month targets.
Which is why I generally don't use Stops. Ever notice when your buy or sell an order at market or limit, the currency or gold ghost, whatever you are trading, the price action momentarily stops and then an investigation is launched to determine who you are and where your Stop is and they do the maths on how much money they can squeeze out of you.
You see, thats one of the reason they don't like me, because I no longer offer them a Stop to hunt. Another reason would be is that quite often I am an aggressive trader, an alpha male if you will, I have never allowed these scum to walk all over me. I traded 5 lots approximately in seperate orders with The-King Nividia, on Tuesday and yesterday, the trade was a pleasure to be in and price was never momentarily slowed down despite my big orders, one was 2 lots at a time, I helped move its sp from a low position on screen Tuesday to chasing the highs just before the close. Yesterday Wednesday I bought in again near the highs following a pullback in price at the start of NY, and at one stage there was a break out, but the home-run could not be made until their earning release was published after the session (which I was unawares). Trading Nividia was wonderful. I will continue to milk the gold price but I wont be an active participant. I will continue the sly carry trade. Because that is what they are, sly dogs.
Now for a lighthearted look at Silver. But true. You mark my words.
SILVER:Today's strategy to do low - based long
Yesterday's silver is also surging all the way, long and short rapid conversion, today's thinking to follow the trend bullish, back pedal is more opportunity, silver attention 30.90 is a new support, strong support 30.40, there is a chance to back pedal 30.90 long. The target is 31.3-32.6