Closed 80% of positions since daily close below 23Closed 80% of positions in Silver and Gold, expected a move up for Silver after 23 Nov, don`t like the charts at this point and not sure 21 will hold this time.
Silverusd
Silver ReversalSilver has been in a downtrend since hitting the top of the flag/channel.
The price has nearly touched the bottom of the channel and is expected to bounce back towards the top again giving a good long entry opportunity with an excellent risk reward setup.
bullish cypher forming on silver by the ADlook for a retest of B leg, if support holds and remain strong. I see a potential cup and handle forming off the D leg which will lead to a breakout and retest of B leg
Silver Correction may expectedWe see Silver clear Cup and handle under process short term correction may expected then take a long position for long term
Silver's next big target is $75 dollarsHi traders,
Silver is gaining momentum and is going to reach $75 quite soon. Weekly & daily technicals look good.
*Based on fractal, price should reach $75 before massive profit taking kicks in.
That's the idea :) This is not a financial advice
SILVERUSD The price crossed the Cloud Twist once again and the LS is currently validating. We will have to wait for the DLY candle to close to confirm that. If confirmation happens, I have market some potential TP levels, the WLY SSB and the WLY SSB + MLY KS (strong level).
Glossary :
WKY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span
TL = Trend Line
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
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 Will Rise Soon Silver will rise after meeting daily order block and go to liquidate zone area above last top.
Silver will hit $50 by Autumn 2022The time it took for silver to drop from $50 down to the consolidation phase was 770 days. I predict a similiar amount of time will be required to take the price back to old highs.
The rough arc pattern tends to agree and the major and medium support lines are keeping the price in control for now.
My expectation as inflation becomes uncontrollable, the silver price will explode next year and new highs will be made the following year.
Silver Bullish PatternAs it clearly seems,in short term AGXUSD emerged a head and shoulders pattern, so it would be a good bullish position by considering 22.5$ as LP an 28$ as TP. Also it has high potential to raise until 50$ if it breaks the channel and makes a flag pattern.
Silver: Slowdown Slowed Down! 😟😟😟There is a lot for the silver price to do. Overall, we expect the price to fall under $21.41, but the correction was slowed down by the bulls. As long as the price can stay below $24.94, the primary scenario is intact.
Let's see if the bears can pull the course back down!
SILVER - LOOKING FOR THE LONGSilver is at support with 9th Aug.
It is also at a 1.272 reversal (Orange).
This is our first chance to go long (1st yellow bubble).
First target will be the breakout lower at 23.360
If the price action remains bearish the next support and next opportunity to go long will be at 22.00 (2nd yellow bubble).
This is a very important support. If it breaks there will be no support until 19.4 - this also happens to be a 1.272 reversal of the last major bullish swing (Pink 1.272) - from 24/09/2020 - 01/02/2021.
We get three shots at this.
Stops will be important as will the price action.
Silver: Perfect Hit! 💯💯💯The silver price hit the target of the countermovement at $24.54 perfectly. Now, in order to also continue this perfect movement, it needs to fall. Overall, the price should approach areas below $18.82. Another increase has a probability of 35% and would need the silver price to surge past $24.94 to realize.
Happy weekend!
Silver Squeeze: Buy the DipLet's be real, Joe Biden is everyone's worst nightmare. But the inflation continues. And it's rapidly getting worse under the old guy with dementia. We need to find a better balance ⚖️ Where is the Justice? Bitcoin is crushing new ATH's right now, it's really just a measuring device for inflation and based on that measurement silver and gold are being badly manipulated. This is obvious fraud. Everyone knows it. When the IRS starts coming after we the people, it's time for we the people to demand and perform an Audit on them. GameStop and AMC proved without a doubt, what all those keyboard warrior, conspiracy theorists suspected. It's time we put silver and gold at it's rightful price. Send silver to $1,000. That'll get everyone's attention. $ASM my number 1 #SilverSqueeze play. 10x potential.
Silver , We need pullback ...Hello everybody
In here we have new rally of Silver that it started days ago and in here in 4h time frame we have new powerful breakwave
The trend is upward and we need some rest and pullback to take position toward the trend ( Buy )
And we have heavy resistance in our way to go up , we can buy some silver after pullback done and wait until the Tp we shown on chart and if the price can rise more we can trail of position and we will going up
According to trend line that we shown , we expect that the price can come to touch it for support then can attack to the resistance zone , and near of the trendline with multi time frame checking and take signal we can buy and take long position
Dont forget use Stop Loss and money management
Good Luck
Abtin
Silver is heading lowerHi there,
Silver is preparing for the next move lower, we are just making a correction in smaller timeframes for the next target between 19 to 17 usd, watch price action at smaller timeframes and short at the breakdown of the bearish triangle formation. Dxy is also heading higher and preparing a breakout, which gives us confirmation of the down move on silver.
Good luck
SILVER DOWN TO 22?Silver has formed a hanging man on the H4 at a lower low after multiple rejections of a recent strong resistance zone for a possible move down to the 22.0 price area. This is supported by the overall downtrend that silver has been in.
$200 Silver ???Pulling back to the monthly chart, silver could be breaking out of this multi-year wedge. If it breaks and holds then the target is just over $200.
Silver ReboundingSilver prices XAGUSD seem to rebound after testing the lower boundary of the descending channel on the daily timeframe.
Prices may hit $22.25 - $22.60 resistance levels consecutively.
Silver to 27$Hello to all,
First AB=CD as shown with bold black lines has reached its target in the purple channel.
Now it's the second AB=CD's turn. I shown it with the bold dark blue lines in the purple channel again.
Stop loss if daily closes below 22.40
Good luck.
Silver UpdateSilver appears to be finding support around a longer term area of horizontal price action. Also looks to be near the end of a descending wedge. The RSI also appears to be making a bullish divergence and double bottom (inverse head&shoulder?) formation.
Silver: Bearish! 😲 😲 😲For the silver price, the bearish scenario is continuing, and we are expecting the price to fall under $21.81. However, there is a small chance of 20% that the course comes back and increases above $26.09.
Short, short!
