Xagusdanalizi
Silver Breakout ?Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Breakout of the Daily Ascending Trend Line and Completed the Retracement. Completed " AB " Corrective Waves in Long Time Frame and " 12 " Impulsive Waves in Short Time Frame. Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Lower Trend Line
XAGUSD - SilverPair : XAGUSD ( Silver / U.S Dollar )
Description :
Head and Shoulder as an Correction in Short Time Frame. It has completed the Impulsive Waves " 12345 " and " ABC " Corrective Waves. Rejection from the Previous Resistance or Fibonacci Level - 61.80%
Entry Precautions :
Wait for the Proper Rejection
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed Right Shoulder of the Corrective Pattern " H&S " in Short Time Frame and Started Rejecting from the Daily Demand Zone after it Completed " 12345 " Impulsive Waves and " abc " Corrective Waves. Bearish Channel in Short Time Frame
Entry Precautions :
Wait for the Proper Trend Reversal Price Action
XAGUSD SilverPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed Impulse and Corrective Wave " wxyx ". Symmetrical Triangle as an Corrective Pattern in Short Time Frame. Head and Shoulder Pattern in Long Time Frame, It will complete its Right Shoulder at Daily Demand Zone
Entry Precautions :
Wait until it Breaks UTL / LTL
XAGUSD 23/10 MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and it is Rejecting from the Upper Trend Line and S / R Level. If it Rejects from the Lower Trend Line then it will Reject from the Daily Descending Trend Line. Break of Structure / RSI - Divergence
Entry Precaution :
Wait for the Breakout and Retest of the Lower Trend Line or S / R Level
Silver 13/10 MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Falling Wedge in Long Time Frame and Rising Wedge in Short Time Frame and Rejection from the Lower Trend Line. It can Rejects from Demand Zone or Upper Trend Line at Fibonacci Level - 61.80%
Entry Precaution :
Wait until it Rejects from any Level with Strong Reversal Price Action
XAGUSD 05/10 MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Impulse Correction ( ABC Corrective Waves / Consolidation Phase ) Impulse Completed. It is Following Consolidation Phase in Short Time Frame if it Breaks the Upper Trend Line then Buy and If it Breaks Lower Trend Line and Retest then Sell
Silver can reach 28 in medium termLike its bigger brother, Silver is also strongly bullish and from my last suggestion to buy dips around 25 is up to 1k pips.
Also, it has risen so much I think there is much more in cards for XagUsd and it can reach 28 easily in the medium term.
So going forward traders should look to buy dips and an ideal place for this can be the 25-40-25-50 zone
A drop under 25 negates this scenario
Silver is entering my sell zoneIn my yesterday's commentary on Silver, I said that around 23 is the best place to sell.
If we look at the h1 chart, we can see that since the 21.50 low and daily support, Silver has started its rebound.
However, the rise is overlapping, not impulsive, and is drawing a rising wedge on our short-term charts.
At this moment Silver is entering my sell zone between 22.80 and 23.30 and I expect gains to be well capped here.
Confirmation of a potential drop comes with a break under wedge's support and the target can be the recent low.
Also, a reversal from this point will make me strongly bearish Silver and in my opinion, this 21.50 can fall also if you get there.
Silver above 23.50 would negate this scenario
Silver can drop to 21.50In my previous Silver analysis I said that XagUsd is more bearish than Gold, arguing that after the false break of the H&S pattern, the price would also break the trend line support and fall to 22.50 support. And, indeed, the price fall even more and found support at 22.
Now we are in a normal rebound and 22.80-23 zone should act at resistance at this point.
Rallies towards that zone should be sold and the target can be 21.50 support.
Only strong buying above 23 would change my bearish opinion
Silver- Strongly bearish under 24.80Yesterday I said that Silver is more bearish than Gold, and indeed, although it has risen, it could reach the last top
As you all may have seen, we have a clear H&S pattern with the neck-line at 24.80, which is broken at this moment.
Although this means upward momentum, the price is stalling above this neckline and looks more like distribution at this point and could be a false break.
Silver back under 24.80 (the neckline) is strongly bearish and confirms the false break.
In this case, I expect acceleration to the downside and Silver to drop to at least 23 zone (around 1800 pips)
My scenario is valid as long as the price stays under 25.60 on the daily close bases