Get started

Silversignal

Price of Silver Is Trading In a Triangle, What Does This Mean?In the market, there are no guarantees, only probabilities. That is why traders must always look and prepare for different scenarios. If you have been following my analysis on Silver for a while you have probably seen some of my analysis suggesting Silver could rally to around $22 articles. However, my bias has changed in the last few weeks as the price is unable to move in five-wave higher to break 2019 high. Instead, XAGUSD has been moving sideways. This behavior reminds me of more and more of a triangle correction under construction. See the idea on the chart above. The Elliott Wave Principle states, that triangles are sideways corrective patterns, constructed of five waves, labeled A-B-C-D-E, where each wave is smaller than the previous one unless it is an expanding triangle. It appears that the Silver exchange rate has almost completed wave D to the downside during Friday's session. If this count is correct, we should expect another rally in the face of wave E, which would complete the whole triangle. By any means, if my assumption of a triangle is right, wave D should not breach wave B low, and wave E should stay below wave C high. According to the Elliott Wave Principle, triangles precede the last move of the larger sequence. That is, Silver should resume its larger degree downtrend as soon as the correction is over. What's your thought about Silver?
OANDA:XAGUSDLong
by Veejahbee
4
SILVER short trade setup scenario!!Plan : wait for price to bounce off from resistance level or supply zone --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
FX_IDC:XAGUSDShort
by GWBFX
2
Silver/USD bullish signsHello. Few noticements here on weekly time frame on silver: Double bottom (red marks) Good, clean looking reversed head and shoulders After breaking the 200 ema (red line) it used it as support. If you compare this to previous movement it could be possible that we see upward movement as as long as we stay on top of it. Same happened on the 20 ema (yellow line) four weeks back. Tested it 3 times but bulls took the lead. Also downtrend (greenline) is broken with and nice looking cross on 50 (brown) and 200 ema which both are bullishs signs Just simple speculation ;) If you do trades always use stop loss -Jebu
TVC:SILVERLong
by PalenTrade
Waiting for SilverIf you like this idea, don't forget to support it clicking the Like Button! Hi guys. This idea is a long term analysis of the Silver bullish trend (probably bullish). My tactic for silver is to wait until the point (C) is reached and to expect for candle confirmation of bullish trend continuation. If you are looking for a short-term trade on Elliott corrective waves, I suggest you look to the related copper idea. Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal. I am not a financial advisor.
OANDA:XAGUSD
by Investing_Fellow
Silver & other commodities have more downside, SILVER TO $16.00!Commodities are feeling the downside pressure due to the strong US dollar, there is money flowing out safe-haven assets into the equity market since it's been climbing to all-time highs. Silver forms a very interesting pattern and has been doing so since the start of September when it fell drastically from the strong rally. The pattern involves a strong 1-2-day drop then consolidation, slight pop into the broken support now resistance then another stern drop forming a downward channel for the past 3-4 months. We expect the continuation, a slight slow pop on weak volume into $17.45 resistance based on the broken low and top of the channel then strong drop through $16.75 into $16.00 potentially. Disclaimer: This idea is for educational purposes only, this is not a definite trading/investing signal. Trading is risky and should be taken at your own accord.
COMEX:SI1!Short
by TRADEPROAcademy