Silverusd
Silver -> The Bounce Is InevitableHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
The last three weeks Silver perfectly tested a quite obvious previous weekly support zone, which was now turned resistance and with this weeks candle the market finally rejected the zone towards the downside.
Considering the fact that we are now testing an insanely strong weekly support zone, I do at least expect a short term short covering rally towards the upside, after Fridays harsh dump towards the downside.
From a daily perspective we are also close to retesting previous support, so I am now just waiting for a deeper retest of the support zone, before I will then enter a long position on Silver.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Silver Multi-Timeframe Analysis 30.01Hello Traders,
welcome to this free and educational technical analysis .
Silver is currently testing a very strong weekly support/resistance area amd after this massive runup there is the possibility that we will see a short term correction away from the zone.
On the daily timeframe you can see a beautiful distribution phase, where the market is starting to create lower highs and lower lows, so I am now just waiting for a break of the very strong previous support zone and then a retest,
and then I will definitely enter a short to capitalize on the continuation to the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Silver Analysis 01.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
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.
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.
Silver top-down analysis Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. 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 my next analysis.
Also let me know your thought in the comment section what you think about this pair.
Silver- for my Cinderella critics 😱🧟Just my thoughts on Silver and some educational tips.
a few things about Silver:
- Silver has the highest thermal conductivity of any element
Out of all the elements, silver is the best electric conductor, and is actually used as the standard by which other conductors are measured. On a scale of 0 to 100, silver ranks 100 in terms of electrical conductivity. Copper ranks 97 and gold ranks 76.
- Humanity (technology) needs Silver like the desert needs some rain. It's the best semiconductor
-The price of silver is driven by speculation and supply and demand, like most commodities. The price is notoriously volatile compared to that of gold because of the smaller market, lower market liquidity and demand fluctuations between industrial and store of value uses.
- The price is systematically manipulated BIG TIME ( JPMORGAN example and off course, my Chicago friends at the CME , Merrill Lynch and COMEX also etc etc - probably even the Bogdanoff brothers 😱🧟)
- This is no Gamestop for any retail investor group to be able to play with. It's too big.
- Long-term Cycles in Silver: academic research did not find any clear evidence of silver price suppression. Moreover, when we look at the long-term behavior of silver prices (see the chart), we see clear cyclical patterns, not a permanent downward trend (or even a flat line).
Thus:
I expect the price to rise and I have the patience to manage my positions on Silver and also on AGQ, accordingly.
That's me. One love
FXPROFESSOR 💙
SILVER another move coming after several days of consolidation?SILVER looks to be winding up towards the end of the next consolidation period, with a move in the next few days likely. A move up could take us back to $25.50 and a move down could take us to $22 and change. Worth watching over the next few hours.
H4 LONG TRADE ON SILVER - TREND is your FRIENDQuick summary of how i usually view the markets.
In terms of market movement, i tend to view them as either Ranging or Trending market environments.
- Trending environment means that price has a general direction it is heading based on High Time Frames market structures. BULLISH Market structure refers to higher highs and higher lows, while BEARISH Market structure refers to
lower highs and lower lows.
- Ranging environment means that price usually just oscillates within the range with no clear direction. This is also refer to chopping markets, making it harder to trade since there is no clear trend. Hence, usually i drew up a range and
take trades around the range low / high and trade it to the other side. EG Long range low, targeting range high.
For spotting of trade opportunities, i look to take trades near High Time Frame structure. By refining my entry, stop loss and target based on Low Time Frame structure, i am able to maximize my Risk:Reward ratio of the trade setup by aligning with the Macro trend.
Setup type: H4 Significant Flag
Levels of confluence:
1) Weekly Range Low
2) H4 Demand zone proven itself previously when price dipped into it and rallied to make another higher high (Confirmation of demand)