Can silver continue to climb and fly again?✏️By examining the trend in the four-hour time frame, silver, having the resistance of $24.58, can decrease to the support interval in the range of $23.55-23.35, and then, provided it is maintained, it can set itself up for a rise again to the resistance. 25.54 in order to complete the descending Bearish Bat harmonic pattern to prepare.⚔️
Slivertrading
Expert Predictions on Where SILVER Prices are Heading Next📌Usually, silver is considered as the second safest capital after gold, and due to the escalation of war tensions, it can be considered as a safe asset by investors.
🎯 From a technical point of view, silver can continue its upward trend in the four-hour time frame after the formation of the BULLISH GARTLR harmonic pattern. In general, the scenario is reinforced that silver can rise to the middle level resistance of the Andrews fork in the range of $25.91, provided it maintains the support of $22.43.
XAGUSD-TREND REVERSAL-RISING WEDGEhere XAGUSD is making bearish diversion on rsi index with rising wedge pattern on 2H chart.
we will be taking entry on breakout rising wedge on last higher low with sell stop
1. Trend is there
2. Bearish diversion
3. Rising wedge pattern
Risk Management
1% risk on each trade
total risk 2%
XAGUSD ShortList of confluences:
1: Trendline Breakout
2: Rising Wedge Breakout
3: Bearish Market Structure LH + LL
When we look at the bigger picture trend, we can see that sliver is in an overall bearish down trend. We can clearly see a trendline breakout and a rising wedge breakout in the
direction of the bigger trend. This is followed by visible bearish market structure as price is creating lower highs and lower lows. These combined with an extremely strong
US dollar and a 40 year high CPI data release, we are expecting silver to trend lower as the fed continues with its aggressive rate hikes.