Silvershort
Silver is testing major resistance,watch for potential reversalSilver has been rising strong and is now testing major 50% resistance at 16.91 (Fibonacci retracement, Elliott wave structure, horizontal swing high resistance) and a strong reaction could occur at this level to push price all the way down to 16.48 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver right on major resistance, watch for a potential reversal
Silver is now testing major resistance at 16.56 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, Elliott wave corrective structure) and a strong reaction could occur at this level to push price all the way down to 16.19 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver testing major resistance, watch for bullish move
Buy above 17.31. Stop loss at 17.16. Take profit at 17.48.
Reason for the trading strategy (technically):
Price is now testing major resistance at 17.31 (Fibonacci retracement, horizontal overlap resistance) and we require price to close nicely above this level before triggering a bullish move that should push price up to at least 17.48 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees an ascending support line hold up our bullish move really well.
Silver hovering right above major support,watch for bearish moveSell below 17.34. Stop loss at 17.48. Take profit at 17.11.
Reason for the trading strategy (technically):
Silver is now hovering above 17.34 major support (swing low support, Fibonacci retracement, ascending support) and a clean break of this level would trigger a bearish move to drive price down to at least 17.11 support (Fibonacci retracement, horizontal overlap support).
RSI (34) sees an ascending support line hold price up really well correspondingly. A similar break of this support line would trigger a bearish move downwards.
Silver testing major resistance, prepare for a potential reversaSilver continues to test major resistance at 17.03 (Fibonacci retracement, breakout area) and a potential reversal could occur at this level. We can see that price has made a bearish exit of our long term ascending support-turned-resistance line and coupled with a bearish divergence, this could be the setup for a strong drop.
RSI (34) has made a bearish exit of our long term ascending support-turned-resistance line signaling that a reversal is impending. Coupled with the bearish divergence we’re seeing vs price, this could be the precursor of a major bearish move.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ICHIMOKU & RSI - CAPTURING SHORT TERM TRENDS $DSLVTHE ICHIMOKU PROJECTS STRONG LEVELS OF SUPPORT AND RESISTANCE THAT ALLOWS US TO GAUGE RISK/REWARD. BY USING MULTIPLE TIME-FRAMES TO DETECT THE SHORT-TERM FRACTALS WITHIN THE LONGER MORE PREVAILING TREND YOU CONFIRM A TREND BY DEFINING IT (LOWER LOWS AND LOWER HIGHS & VICE VERSA).
THE RSI GAUGES THE TIPPING POINTS OF MOMENTUM, LIKE IF A PENDULUM'S SPEED WAS GAUGED (TIPPING POINT IS A SPEED OF 0).
$DSLV
Silver approaching major level of resistance, keep an eye out!Silver is approaching a major level of resistance at 16.31 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this price to push price down to support at 15.62 (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at 16.63 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,3,1) is seeing major level of resistance at 99% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver approaching supply area, could a reversal occur?Price is approaching an area of resistance at 16.31 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this level. Our next level of major resistance is at 16.63 (38.2% Fibonacci retracement, horizontal pullback resistance) and our next major level of support is at 15.62 (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 99% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver approaching major resistance!Silver is seeing major resistance at 16.313 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this level. The next major level of resistance is at 16.639 (Long term 38.2% retracement, horizontal pullback resistance) and the next major level of support is at 15.62 (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is also seeing major resistance below our 99% level and stochastic could rise to that level before having a corresponding reaction.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver Sell offIdea: Possible resistance and return to the down trend.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Update idea
Silver needs more JUICEDefinetely everyone is waiting for a VERY STRONG LONG BREAKOUT for silver. And the key word here is: EVERYONE. We can be 80% sure, that silver will rally in the coming weeks/months. But what does a rally need? STRENGTH, ENERGY and MOMENTUM! That's what we still don't have.
Silver simply can not perform a BREAKOUT with RSI being near 60-80 on every timeframe!
So in my opinion we are going to touch the 16.9 level once again slowly. To gain strength for RSI. Even the Stochastic shows a coming SHORT.
I think we can WIN more money on these small but more predictable moves, than on a breakout. TRADE SAFE!
PLEASE SHARE YOUR OPINION! If don't agree, comment. If agree, like and follow for more, it is a nice feedback to me :)
Silver in the test resistance level 16.8A break of resistance will support the price for a rise in the case of a false break. The price will repeat the previous support level 16.50 Any breach of the two levels will give the direction of the future price movement directly with caution from the false fractures
A view for Silver Right now Currently rough in a neutral area with a relatively bearish tendency, the following analysis is a personal analysis and represents my point of view
We have three Importantes points
False fracture: support for landing
Break Resistance: Support Landing
Continuing in this area: support the rebound
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XAGUSD-Silver Medium TermMy previous recommendation on Silver to short at 17.30 for a target to 16.85 was successful, For now a top of the head & shoulder pattern is completed, expecting for the right shoulder to be formed to confirm the pattern. Intermediate trend looks to be bearish now as it broke the multi-days bull channel & all momentum indicators are turning bearish so a lower top is needed for confirmation of the bearish trend.
Strategy: Short on a bounce around 17.03-22 for a target to 15.87, tight stop above 17.41
Silver (Spot-metals XAG/USD)I am looking to short around 17.30-50 for a target to 16.81, Stop above 17.85
Short XAGUSD (Silver) @ 17.938; TP @ 17.22, SL your choiceShort XAGUSD (Silver) @ 17.938; TP @ 17.22, SL your choice
Silver respecting Weekly Resistance trendline Over trend is bearish so far it seems to be respecting higher the trendlines based on higher timeframes, Still no major bearish action yet but this could be the start of a Downtrend Continuation SL's and TP are on the chart but please use risk management! Waiting for more lower highs indicating bearish price action and seeing how much it pulls back. Stop hunts seemed to have occured during london patience is key! Looking for entries all next week but watching friday and sunday.
SL: Above 17.361
Short SilverSilver has hit it's resistance line of 16.84
and after the non farm payrolls, it has fallen.
RSI and MACD are both in a down-trend,
and price is also below its 200 EMA.
In my opinion, that's a few good reasons to go short.
Nice Silver trade possibilities. Bearish and than Bullish. A possible inverted Head and Shoulder pattern possible in silver. Presently rejected thrice from the neckline (around $16.90 - $17.00) and possibly going to make the right shoulder until ($15.40 - $16.00) and then shoots up until ($18.00 - $18.50). Its an idea for possible moves but not any advice for trade setups. If it matches with your analysis than it might be worth sharing in the comment section and do comment if there is other possibility. I am learner and prone to make mistakes. Good luck and trade wisely. Money is yours :)
Silver Short OpportunitySilver broke the resistance cloud, and continued to fall for a bit. CFT also is showing a good short possibility.
