Silveranalysis
SILVER top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis
XAG/USD (SILVER) WILL PUSH LOWER BELOW $22.6XAG/USD (SILVER) will push lower to make a new low below $22.6 and after that, it can push a little bit higher, but not above $23.7. Then it will go for one deep correction as a continuation of wave (2). In the alternative scenario (marked by red alpha numerals), we have already finished wave (2) @ $21.4. So right now, it's running expanded flat, and will soon rise for minor wave 3.
#XAG/USD #SILVER #ELLIOTTWAVE
Silver/XAGUSD ScenarioMy outlook on silver.
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Following a heavy downtrend on the weekly, a nice strong double top on the daily
and a downtrend continuation on the 4h, I see silver falling further to the major liquidity zone.
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Currently silver is testing the lower trend line which correlates with the 38.2% fib, looking at the strength and weakness
I hope for silver to break out of the zone and trend line testing the 50% fib.
After that I would like to see a deep pullback to the upside catching liquidity before downtrend continuation.
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Let me know your thoughts.
Another Silver Analysis - H&SIdea for silver, demonstrating the Head and Shoulders pattern that has repeated itself throughout a bull market and into the next bear market
Points in grey box are very similar also
As we have just finished forming the right shoulder, it is likely that price will decline, furthering the bear market for silver
Silver looking bearish 22 Nov 2021XAGUSD has been consolidating between 25.40 and 24.50 for the past 2 weeks. But it looks heavy and bearish now and I am expecting a break out to the down side. A breakout/pullback entry is what would work best .. if it happens.
The next major support lies at 21.50 region. There is an awesome potential here so vital not to rush into a trade, stay patient and let us see if this plays out the way I am seeing it.
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Silver- Best place to sellIn my past Silver analyzes, I said that XagUsd is more bearish than Gold and the H&S trap confirmed this scenario.
Now, as in Gold's case, Silver is in a small correction and this can give us the opportunity to open short trades at better prices.
24 zone I expect to be very well offered and there we should search for selling opportunities.
Only Silver above 24.80 would change my bearish opinion
XAGUSD (SILVER).......BUY...BUY
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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XAGUSD with a possible strong bullish playXAGUSD seems to have completed a head and shoulders pattern on its daily chart, it has also made extensive bullish moves which are now being supported at a resistance turned support.
We strongly believe that XAG could become highly bullish based on everything we see in the charts right now.
Some more downside could occur, but it shouldn't drop further than the 24,329 area.
We have already started building a bullish position here and will be adding on it with every opportunity, unless we see reasons that our bullish analysis is fialing.
Silver has changed trend, it will rise and target 28.20000Price was in a strong downtrend as from May 2021,
as in October price strongly broke out of the downtrend phase and began to trend up.
My expectation is that price will continue to rise higher.
Bullish confirmations should be watched for buy entries.
Silver Price Forecast - Cup & Handle In SightToday I am review the Silver price (precious metal per oz) forecast. The multi-year chart is on an annual (12M) basis on a linear scale.
After 40 years, the Silver price formed a cup and handle pattern since 1980. This is incredible. Unfortunately the price has not broken out yet and it seems in 2021, the price is still below the trendline of the pattern.
As the price took 40 years to get to this point, it will take time for a breakout. Assuming the price breaks out, the target price from this pattern is about $60. That would be a 146% gain. This may take more than a decade to happen though.
In 2011, the price created an all time high at around $50, but also created a shooting star candle which is bearish. This brought the price down to create the handle of the cup and handle pattern.
Lastly, the Fibonacci Extension level brings the target price to 1.618, which is the Golden Ratio.
Keep in mind that it took the price 40 years to get to this bullish pattern of cup and handle, so expect the price increase to take a very long to reach the target (unless of a catalyst event that may occur).
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
XAGUSD SHORT - Sell Entry - D1 ChartXAGUSD SHORT - Sell Entry - D1 Chart
Symbol: XAGUSD
Timeframe: D1
Type: SELL
Entry Price: Sell @ Market
Stop Loss: 25.514
Take Profit: 22.646
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🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.