SHORT ON SILVER XAG/USDSilver is currently at a major level of supply and is currently respecting it.
it has swept liquidity and is also over brought on the RSI.
I will be selling silver to the previous swing low / demand zone.
Xagusdsell
XAGUSD Weekly Analysis – Double Top Formation & Breakdown🧱 Chart Pattern Identified: Double Top Formation
The chart displays a classic Double Top pattern, a bearish reversal structure typically found at the end of an uptrend. This pattern forms when price reaches a resistance level twice, fails to break above it both times, and eventually breaks the neckline/support level, confirming a shift in market sentiment.
🔍 Key Components of the Chart:
1. Resistance Level (Tops) – ~$34.25
The market formed two significant peaks around the same level — labeled Top 1 and Top 2.
This level has proven strong resistance, as price was rejected both times after testing this zone.
This zone is marked with a light orange rectangle and a horizontal blue line labeled "Resistance Level".
2. Support Level (Neckline) – ~$28.80
This level served as the neckline of the Double Top.
After the second top, the price sharply declined and is currently approaching this key support zone, highlighted again in light orange.
A clean break and close below this zone on the weekly timeframe will be a strong confirmation of the bearish reversal.
3. Trendline Break – Bearish Shift in Momentum
A rising black dashed trendline supported the prior uptrend.
Price action has now broken below this trendline with strong bearish momentum, indicating that buyers have lost control.
This trendline break adds confluence to the bearish setup, supporting the validity of the pattern.
4. Bearish Projection Target – ~$22.47
The target is projected using the height of the Double Top pattern.
Measured from the resistance level ($34.25) to the support ($28.80), the vertical distance is ~5.45 USD.
Subtracting this from the neckline gives us a projected target:
28.80 - 5.45 = ~23.35 (rounded down to ~22.47 for technical cluster support).
This target area is marked with a blue arrow and labeled "Target" near the horizontal support at $22.47.
5. Stop Loss – ~$34.25
The logical invalidation point is placed just above the resistance zone and the second top.
A move above this level would invalidate the double top pattern, signaling that bulls have regained control.
📈 Price Action and Candlestick Behavior
The strong bearish weekly candle that broke below the trendline shows a decisive shift in sentiment.
The candle's large body and long range confirm institutional selling interest.
Volume (if shown) would likely support the move, but even price structure alone is highly telling here.
🎯 Trading Strategy & Setup
Component Details
Entry On a confirmed break and retest of $28.80 support (neckline)
Stop Loss Above $34.25 (Top 2)
Target $22.47
Risk/Reward ~1:2 or better
Timeframe Weekly (Swing Trade)
Bias Bearish
🧠 Concluding Notes
This chart provides a high-probability bearish setup rooted in classical charting principles. The Double Top is one of the most reliable reversal patterns, especially when:
Formed after a prolonged uptrend (as seen here),
Confirmed with a trendline break,
Followed by strong bearish momentum toward the neckline.
Traders should monitor the support zone around $28.80 closely for a potential breakdown. If confirmed, the target near $22.47 becomes a realistic medium-term objective.
Detailed Analysis of Silver (XAG/USD) – Double Top BreakoutThe chart represents a technical analysis of Silver (XAG/USD) on the daily timeframe (1D). A Double Top pattern, one of the most reliable bearish reversal formations, is developing. This signals a potential downtrend, with key price levels and trendlines confirming weakness in bullish momentum. Below is a full breakdown of the pattern, price action, and trading setup.
1️⃣ Pattern Formation: Double Top – Bearish Reversal
A Double Top pattern occurs when the price reaches a resistance level twice, failing to break higher. It indicates a shift from a bullish trend to a bearish one.
🔹 Characteristics of the Double Top in This Chart:
First Peak (Top 1 - Resistance at ~$34.57):
The price made a strong move upward, reaching a high near $34.57.
Selling pressure at this level pushed the price downward, forming a support level near $30 (Neckline).
Pullback & Temporary Support (~$30 Neckline):
Buyers stepped in at the support zone, causing a bounce back towards resistance.
This level acted as strong demand, preventing further decline temporarily.
Second Peak (Top 2 - Rejection at Resistance Again):
Price attempted to break above the previous peak but failed.
This failure to form a higher high confirms the presence of strong sellers.
The second rejection strengthens the resistance level at $34.57, signaling exhaustion in buying momentum.
Break of the Trendline Support (Bearish Shift):
A previously ascending trendline (black dashed line) was providing support for the uptrend.
Price broke below this trendline, indicating a possible trend reversal from bullish to bearish.
2️⃣ Key Technical Levels & Trading Setup
🔸 Resistance Zone (~$34.57 - Stop Loss Area)
This is the major resistance level, tested twice and confirmed as a supply zone.
A move above $34.57 would invalidate the bearish pattern, making this an ideal stop-loss level.
🔹 Support Level / Neckline (~$30 - Breakdown Confirmation)
The neckline acts as a critical level. If the price breaks below $30, the Double Top formation is confirmed.
If the price retests this level from below and rejects (fails to reclaim it as support), it becomes a strong short entry signal.
🔻 Target Price (Projected Move - $23.01)
The target is based on the measured move rule of a Double Top:
Distance from resistance ($34.57) to neckline ($30) ≈ $4.57.
Projecting this same distance downward gives a target of ~$23.01.
This aligns with historical demand zones, increasing the probability of price reaching this level.
3️⃣ Trading Plan: Short Setup Execution
🔽 Short Entry (Breakdown Confirmation Below $30)
Ideal entry point is after the neckline breaks and confirms resistance upon a retest.
A breakdown with strong volume enhances the validity of the setup.
🚨 Stop Loss Placement (Above $34.57 Resistance Level)
Placing a stop above the second peak ($34.57) ensures protection against invalidation.
If price moves back above this level, the pattern fails, indicating a potential return to bullish momentum.
🎯 Target Price ($23.01) – Measured Move Projection
The price target aligns with the pattern structure and historical support levels.
Traders can take partial profits at intermediary levels ($27–$26) before full target realization.
4️⃣ Additional Confirmation Factors – Confluence for Bearish Bias
1️⃣ Momentum Indicators: RSI & MACD Bearish Signals
If RSI (Relative Strength Index) drops below 50, it confirms weakening bullish momentum.
A MACD bearish crossover (signal line crossing below the MACD line) would further validate the downtrend.
2️⃣ Volume Analysis – Breakout Confirmation
A high volume breakout below $30 confirms selling pressure.
Low-volume breakdowns can lead to false breakouts, making volume a crucial factor to watch.
3️⃣ Fundamental Factors – Macro Outlook on Silver (XAG/USD)
Silver prices are influenced by interest rates, inflation, and USD strength.
If USD strengthens, silver could face more selling pressure, aligning with this bearish technical setup.
Any hawkish monetary policy statements could accelerate the downside movement.
5️⃣ Risk Management & Alternative Scenarios
✔️ Ideal Risk-Reward Ratio
Risk: Stop loss at $34.57 (~4.5% above entry)
Reward: Target at $23.01 (~23% move)
Risk-Reward Ratio: ~1:5 (highly favorable for short trades)
⚠️ Bullish Invalidations – When to Avoid the Trade?
If Silver reclaims $34.57 and holds above, the pattern fails.
A false breakout scenario could occur if price breaks below $30 but quickly moves back above.
Watching for bullish divergence on indicators like RSI before entering a short position is recommended.
Final Conclusion: Bearish Bias with Strong Downside Potential
📉 Summary of the Bearish Case:
✔️ Double Top pattern confirms a bearish reversal if the neckline breaks.
✔️ Break of ascending trendline signals increasing seller control.
✔️ Key levels: Stop-loss above $34.57 | Entry below $30 | Target $23.01.
✔️ Additional confluence: RSI, MACD, and volume confirmation strengthen the trade setup.
🚀 If price action aligns with this analysis, this setup presents a high-probability short opportunity.
Would you like any refinements or additional insights? 🔥
Silver Breakdown: Rising Wedge Bearish Move Towards Target1. Chart Overview
This 4-hour (H4) chart of Silver (XAG/USD) shows a clear Rising Wedge Pattern, a bearish technical formation. The price action recently broke below the lower support trendline, confirming a downside move. Several key levels, indicators, and trading strategies can be derived from this setup.
2. Identified Chart Pattern: Rising Wedge (Bearish Reversal)
A Rising Wedge is a pattern that forms when price consolidates between two upward-sloping trendlines, with the support line rising at a steeper angle than the resistance line. This pattern is considered bearish because it signals weakening buying pressure and an impending breakdown.
Uptrend Formation: The price had been moving within a wedge, forming higher highs and higher lows.
Volume Considerations: A wedge breakout is often accompanied by increasing volume, further confirming the trend shift.
Breakout Confirmation: The price has decisively broken below the lower boundary of the wedge, indicating that sellers are taking control.
3. Key Technical Levels & Trading Strategy
Resistance Level (Rejection Zone) – $34.00 - $34.50
The upper boundary of the rising wedge acted as strong resistance.
Multiple price rejections confirm sellers' dominance in this area.
Any future retest of this level may provide a new opportunity for short entries.
Support Level (Broken & Retested) – $32.50 - $32.80
This zone previously acted as strong support, preventing price from falling lower.
Now that price has broken this support level, it could act as resistance if a retest occurs.
A confirmed rejection here will further validate the bearish outlook.
Stop Loss Placement – $34.16
A logical stop-loss placement is slightly above the previous swing high and resistance area.
If price moves above this level, it would indicate that the breakdown has failed, invalidating the bearish setup.
Bearish Target – $30.76 (Measured Move Projection)
This level is derived from the height of the rising wedge pattern projected downward.
The area around $30.76 aligns with a previous support zone, making it a reasonable target for the current breakdown.
4. Price Action & Future Expectations
Current Market Sentiment: Bearish
The break below the wedge confirms a bearish sentiment.
A slight retracement to the previous support (now resistance) around $32.80 - $33.00 is possible before further downside.
If selling pressure remains strong, Silver is likely to reach the $30.76 target in the coming sessions.
Alternative Scenario: Bullish Recovery
If the price moves back above $34.16, the bearish outlook is invalidated.
A sustained move above this level could indicate a false breakdown and may push Silver toward new highs.
5. Trading Plan Based on This Setup
🔹 Entry Strategy:
Look for a retest of the broken support zone ($32.80 - $33.00) to enter short positions.
A rejection from this level with bearish confirmation (e.g., a bearish engulfing candle) strengthens the trade setup.
🔹 Stop Loss:
Placed above the wedge resistance at $34.16 to protect against false breakouts.
🔹 Take Profit Targets:
First Target: $31.50 (intermediate support level)
Final Target: $30.76 (measured move projection of the wedge)
6. Conclusion
This Rising Wedge Breakdown on Silver’s H4 chart presents a strong bearish trading opportunity with a well-defined risk-reward ratio. The break below key support signals continued downside, with $30.76 as the next major target. However, traders should monitor any retest of the broken support zone to confirm further selling momentum before entering new positions.
Silver (XAG/USD) Rising Wedge Breakdown – Bearish SetupMarket Overview & Context
Silver (XAG/USD) has been in a strong uptrend, forming higher highs and higher lows over the past few weeks. However, recent price action suggests a potential shift in momentum as a bearish Rising Wedge pattern emerges. This technical pattern often signals a possible trend reversal or correction.
This analysis focuses on a 4-hour (H4) chart, which provides a medium-term perspective for traders. The market has recently encountered a strong resistance zone, and multiple price rejections indicate a potential downward move.
Chart Pattern: Rising Wedge Formation
The Rising Wedge is a bearish reversal pattern that occurs when the price moves higher within two converging trendlines. This structure suggests that while buyers are still in control, their momentum is weakening.
Key Characteristics of the Rising Wedge in This Chart:
Uptrend with Weakening Momentum:
The price has been rising, but the higher highs are becoming less aggressive.
The slope of the highs is flatter compared to the lows, which indicates declining bullish strength.
Converging Trendlines:
The price is getting squeezed between support and resistance.
This tightening range typically precedes a breakout, with a higher probability of a bearish breakdown.
Bearish Implications:
A breakdown below the wedge’s lower trendline confirms bearish sentiment.
The price could drop sharply toward the next major support level if sellers gain control.
Key Technical Levels & Trading Strategy
1️⃣ Resistance Zone (Supply Area) – $34.50 to $34.60
The price has repeatedly tested but failed to break above this zone.
This confirms that sellers are active in this area, leading to multiple rejections.
A strong supply zone, making it an ideal stop-loss placement for short trades.
2️⃣ Support Level (Demand Area) – $30.50 to $30.60
This level has acted as major support in previous price action.
If the breakdown occurs, this is the primary downside target for sellers.
3️⃣ Stop Loss – $34.61
Positioned just above resistance to minimize risk exposure.
Ensures that if price moves against the trade, losses are contained.
Trading Plan & Execution
📉 Short (Sell) Setup – Bearish Breakdown Expected
✅ Entry: A confirmed breakout below the rising wedge’s support trendline (~$33.50 - $33.80).
✅ Stop Loss: Placed slightly above $34.61, ensuring risk control.
✅ Target: $30.56, aligning with previous support zones and technical projections.
Risk-Reward Analysis
Entry at breakdown (~$33.50)
Stop loss (~$34.61) – Risk: ~1.1 points
Target (~$30.56) – Reward: ~2.9 points
Risk-to-Reward Ratio: ~1:3, making this a highly favorable short setup.
Confirmation Signals to Watch Before Entering a Trade
📉 Break and Retest of Support as Resistance
If price breaks below wedge support and retests it as new resistance, it strengthens the bearish case.
📉 Volume Spike on Breakdown
A sharp increase in volume when breaking support confirms strong selling pressure.
📉 RSI Divergence (Bearish Signal)
If the Relative Strength Index (RSI) shows lower highs while the price makes higher highs, it suggests momentum weakness and a pending breakdown.
Potential Trading Scenarios
📌 Bearish Scenario (High Probability) – Breakdown Confirmation
If the price breaks below the wedge’s lower trendline and closes below $33.50, it will likely accelerate downward toward $30.56. Traders should enter short positions and hold for the target while managing risk with stop-loss levels.
📌 Bullish Scenario (Low Probability) – Invalidating the Pattern
If the price breaks above $34.60 and holds, the rising wedge pattern is invalidated. This would signal continued bullish strength, and traders should avoid short positions.
Conclusion & Final Thoughts
✅ The Rising Wedge Pattern suggests a potential bearish reversal in Silver (XAG/USD).
✅ If the price breaks the lower trendline, a drop toward $30.56 is highly probable.
✅ Traders should wait for confirmation signals before entering a trade.
✅ Risk management is crucial, with a stop-loss above $34.61 to minimize exposure.
🔹 This setup presents a strong risk-to-reward opportunity, making it ideal for traders seeking short positions in Silver.
XAG/USD Rising Wedge Breakdown To Bearish Trade Setup1. Overview of the Chart
This chart represents Silver (XAG/USD) on the 4-hour timeframe from the OANDA exchange. The price action has formed a Rising Wedge pattern, which is a classic bearish reversal formation. This suggests that a potential breakdown could lead to a significant decline in price.
2. Chart Pattern: Rising Wedge Formation
A Rising Wedge consists of a narrowing price range with higher highs and higher lows, but the slope of the support line (bottom trendline) is steeper than the resistance line (top trendline).
This signals weakening bullish momentum, as buyers are struggling to push the price higher, and sellers are stepping in.
Rising Wedges typically break downward due to the loss of buying strength.
3. Key Technical Levels and Market Structure
A. Resistance Level (Highlighted in Beige Box - $34.50 to $34.80)
This zone has acted as a supply area, where price struggles to break higher.
The price touched this level multiple times, failing to hold above it, which increases the probability of a reversal.
B. Support Level (Highlighted in Blue Box - Around $33.50)
This is a critical short-term support where buyers previously stepped in.
A break below this zone would indicate a confirmation of the wedge breakdown and further downside potential.
C. Stop Loss Level (Marked at $34.80)
Placed above the resistance zone, ensuring protection if price invalidates the pattern and moves higher instead.
This aligns with a logical risk-management strategy to minimize losses if the setup fails.
D. Bearish Breakdown Projection & Target (Marked at $30.46)
The projected target aligns with previous structure support, meaning price may find buyers around this level.
This level is determined by measuring the height of the wedge and projecting it downward from the breakout point.
4. Trading Strategy & Execution Plan
📌 Short (Sell) Trade Setup:
Entry:
Enter a short position once price breaks below the lower trendline of the wedge with strong bearish momentum (e.g., a big red candle closing below support).
A possible retest of the broken support could provide a second entry opportunity.
Stop Loss:
Set at $34.80, above resistance, to ensure the trade is protected against invalidation.
Take Profit (Target):
First target: $32.50 (psychological level and minor support).
Final target: $30.46 (major support and full pattern breakdown projection).
5. Market Psychology & Confirmation Signals
Why This Setup is Bearish?
Price action shows higher highs but with decreasing strength, signaling bull exhaustion.
The Rising Wedge is a well-known bearish structure, and its breakdown typically leads to a strong sell-off.
Volume confirmation: If the breakdown happens with high volume, it strengthens the bearish case.
What to Watch For?
A decisive bearish candle closing below the wedge support confirms the short setup.
If price retests the broken trendline and fails to reclaim it, it provides a second opportunity for entry.
Avoid entering if price consolidates near resistance instead of breaking down.
6. Conclusion: Bearish Bias & Trading Edge
The Rising Wedge formation suggests that Silver is losing bullish momentum and could break down.
Key levels and structure provide a well-defined trade setup, ensuring a good risk-to-reward ratio.
Traders should wait for a confirmed breakdown before entering a short position.
📉 Bearish Outlook – Price likely to drop toward $30.46 target
⚠️ Risk Management is crucial – Stop Loss at $34.80
🎯 Breakdown confirmation needed before entering short positions
Would you like me to refine any part or add more insights? 😊
(XAG/USD) weekly Forcast – Double Top Breakdown & Bearish SetupThis detailed technical analysis of Silver (XAG/USD) on the daily timeframe highlights a potential bearish reversal forming through a Double Top pattern. This setup suggests that Silver could be gearing up for a major decline, provided key confirmation levels are met. Let’s break it down thoroughly.
📌 1. Understanding the Chart Pattern – Double Top Formation
A Double Top is a bearish reversal pattern that forms after an extended uptrend, signaling that buyers are losing strength and sellers are taking control.
🔹 Key Phases of the Double Top:
1️⃣ First Top (Top 1)
Silver initially rallied to a major resistance zone ($34.5 - $35).
The price failed to break higher, leading to a correction.
This rejection signals heavy selling pressure at this level.
2️⃣ Pullback to the Neckline ($28.5 - $29)
After the first peak, the price retraced to a critical support area known as the neckline.
This level acts as a decision point—either price bounces or breaks lower.
3️⃣ Second Top (Top 2) – Bull Trap?
Silver made another attempt to break through $34.5 - $35, but once again, sellers defended this level.
The failure to set a new higher high confirms weakness, forming the second peak.
This second rejection adds credibility to the Double Top pattern, increasing the likelihood of a bearish move.
4️⃣ The Crucial Neckline Test
The neckline around $28.5 - $29 is the most critical level to watch.
A clean daily close below this level would confirm the breakdown and trigger a strong bearish trend.
📍 2. Key Technical Levels & Market Structure
🔴 Resistance Level ($34.5 - $35) – Strong Selling Zone
This area has repeatedly rejected price advances, indicating high supply.
A breakout above this level would invalidate the bearish setup.
🔵 Support & Neckline ($28.5 - $29) – The Make-or-Break Zone
A break below this level would complete the Double Top pattern and confirm the bearish trend.
If buyers defend this area, Silver could see short-term consolidation before another breakout attempt.
🎯 Target Price ($22 - $23) – Where Silver Could Be Headed
The measured move (distance from top to neckline) suggests a potential drop to $22 - $23.
This aligns with historical support zones, making it a reasonable target.
🚨 Stop Loss Area ($35.2 - $35.5) – Risk Management
If Silver invalidates the pattern and closes above $35.2 - $35.5, the bearish setup is no longer valid.
Traders should cut losses early if price regains bullish momentum.
📊 3. Trading Setup & Execution Plan
🔻 Bearish Trading Plan (Short Entry):
✅ Entry Point:
Enter a short position after a confirmed neckline break below $28.5 - $29.
Wait for a break-and-retest of this level to confirm the bearish move.
✅ Stop Loss:
Place stop loss above $35.2 - $35.5, just beyond the resistance level.
This protects against false breakouts and sudden bullish reversals.
✅ Take Profit Targets:
Primary target: $24.5 - $25 (first support zone).
Final target: $22 - $23 (measured move completion).
📉 4. Market Sentiment & Technical Outlook
📌 Why This Setup is Important:
The Double Top pattern is a well-established bearish signal.
Price failed to create a new high, showing that buying momentum is fading.
The neckline breakdown will confirm that sellers are in control, pushing price lower.
📌 What Could Invalidate This Setup?
If Silver breaks and closes above $35.5, it would signal that bulls have regained strength.
A strong rally above this level could send Silver towards $37 - $38 instead.
🔎 Final Thoughts – Will Silver Collapse or Hold?
The chart suggests a bearish bias, but confirmation is key!
A breakdown below $28.5 - $29 would activate the Double Top pattern, leading to a potential drop.
If Silver bounces off the neckline, then we might see consolidation or a reversal instead.
🚀 What’s your view? Will Silver break down or bounce back? Share your thoughts below! 🚀
Silver (XAG/USD) Rising Wedge – Bearish Breakdown Setup!A rising wedge is a pattern that typically forms when the price makes higher highs and higher lows, but the upward momentum starts weakening. The narrowing structure of the wedge indicates that buyers are losing strength, and a breakout to the downside is likely.
Key Characteristics of the Rising Wedge:
✔ Higher highs & higher lows – but with reduced momentum
✔ Trendline support (lower boundary) & resistance (upper boundary)
✔ Volume decline – suggests a potential reversal
Expected Scenario:
If the price breaks below the lower trendline, it signals bearish pressure, and Silver could see a strong decline.
2. Key Levels & Trading Setup
📌 Resistance Level ($34.50 - $34.80)
The upper boundary of the wedge is acting as strong resistance.
Historically, this zone has rejected price action multiple times, indicating sellers are defending this area.
📌 Support Level ($30.20 - $30.50)
A major demand zone where buyers previously stepped in.
If the wedge breaks down, this is the most likely target for the decline.
📌 Stop Loss ($34.81)
Placed just above the recent high and resistance zone to limit risk in case of an unexpected upside breakout.
📌 Target ($30.20)
Measured move from the wedge breakdown projects a sharp decline toward the next strong support at $30.20.
3. Trade Execution Strategy
🔴 Bearish Breakdown Scenario
If the price breaks below the lower trendline (around $33.00), we expect a strong move downward.
📉 Short Entry: Below $33.00 (after confirmation)
🎯 Target: $30.20
❌ Stop Loss: $34.81 (above resistance)
Confirmation Needed:
✅ Strong bearish candle close below support
✅ Increased volume during breakdown
✅ Retest of broken support turning into resistance
🟢 Bullish Alternative (Invalidation)
If price breaks and holds above $34.81, the bearish setup will be invalidated, and a breakout towards $36.00 - $37.00 could be expected.
4. Additional Considerations
📌 Fundamental Factors: Keep an eye on macroeconomic news, Fed decisions, and USD strength, as these impact Silver prices.
📌 Risk Management: Avoid overleveraging and use a proper risk-reward ratio (1:3 or higher).
📌 Market Sentiment: Watch volume trends and confirm breakout or fakeout before entering trades.
Conclusion
This chart presents a high-probability short trade setup based on the rising wedge breakdown.
If the breakdown occurs, Silver could drop toward the $30.20 support zone. However, traders should wait for confirmation before entering to avoid fakeouts.
Would you like me to refine this further for a TradingView post? 🚀
Silver (XAG/USD) – Rising Wedge Breakdown & Bearish Setup📊 Overview of the Chart
This 4-hour chart of Silver (XAG/USD) provides a classic example of a Rising Wedge Breakdown, a bearish reversal pattern. The price initially followed a strong uptrend, forming a series of higher highs and higher lows, but failed to sustain momentum at the key resistance zone (~$34.00 - $34.50). This led to a breakout to the downside, which has now confirmed a shift in market sentiment from bullish to bearish.
This analysis will break down each key level, the technical indicators supporting this trade setup, and how traders can approach it effectively.
🛠️ Breakdown of the Chart Components
1️⃣ Rising Wedge Formation (Bearish Pattern Identified)
The price action created a Rising Wedge, which is a bearish pattern characterized by an uptrend where the higher highs and higher lows start converging into a narrowing range.
This shows that while buyers were pushing prices higher, their strength was gradually fading.
The breakdown of this structure signaled a loss of bullish momentum, leading to a shift in trend.
2️⃣ Resistance Level & Sell Zone Identified
The resistance level at $34.00 - $34.50 has acted as a supply zone where sellers stepped in, preventing further upside.
A bearish rejection at this zone confirms that sellers are still dominant.
3️⃣ Retest of the Broken Support (Key Confirmation)
After the breakout from the wedge, the price made a retest of the broken trendline, a classic move before further downside.
Retesting this area confirms that it is now acting as resistance rather than support, further strengthening the bearish case.
4️⃣ Trendline Breakout – Shift in Market Structure
The dashed trendline was previously supportive, but now that the price has broken below it, it has turned into a resistance level.
This shift in market structure is a strong bearish signal.
5️⃣ Key Support Levels & Target Projection
The next major support level is at $32.00, a level where price previously found demand.
The ultimate target price is around $31.18, which aligns with historical support and Fibonacci retracement levels.
📉 Trading Strategy – How to Trade This Setup?
✅ Entry Point (Short/Sell Setup)
A good shorting opportunity arises if the price retests the resistance at $33.50 - $34.00 and shows bearish confirmation (like a rejection candlestick or a bearish engulfing pattern).
📍 Stop Loss (SL) Placement
SL should be above $34.20 to avoid getting stopped out by potential fakeouts.
🎯 Take Profit (TP) Levels
TP1: $32.00 (First support level)
TP2: $31.18 (Final bearish target)
📊 Risk-Reward Ratio
Entry at $33.50 - $34.00 with SL at $34.20 and TP at $31.18 provides an excellent risk-to-reward ratio (~1:4).
📌 Market Sentiment & Conclusion
🔴 Bearish signals are dominant, suggesting further downside potential.
📉 A strong bearish move is expected if the price fails to reclaim $34.00.
🎯 Targeting $31.18 in the upcoming sessions.
📢 Final Advice: Traders should watch for confirmation before entering trades. A successful retest and rejection at $33.50 - $34.00 will be a high-probability short setup. 🚀
🔥 Follow price action and risk management principles for a successful trade! 🔥
#XAGUSD 4HXAGUSD (4H Timeframe) Analysis
Market Structure:
The price is currently respecting a wedge trendline resistance, which suggests that upward momentum is weakening. This pattern indicates a potential bearish reversal if the price fails to break above the resistance and starts moving downward.
Forecast:
A sell opportunity may arise if the price confirms rejection at the wedge trendline resistance, signaling the possibility of a move toward lower support levels.
Key Levels to Watch:
- Entry Zone: After the price shows clear rejection from the trendline resistance.
- Risk Management:
- Stop Loss: Placed above the trendline resistance or the recent swing high to minimize risk.
- Take Profit: Target the lower boundary of the wedge or nearby support zones for potential downside movement.
Market Sentiment:
The wedge trendline resistance indicates bearish sentiment, with sellers likely to gain control if the price fails to break above the resistance. Waiting for confirmation of rejection ensures alignment with market momentum.
XAGUSD Ideathis pair is on a h4 timeframe resistance zone so we're looking for a short position on a lower timeframe
this is the ascending channel on M15 timeframe which is a valid trendline because o the 3 touches
now we're waiting for a M15 candle to close below the last touch standing on the trendline to enter a sell (short) position
Good luck fam
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Scenario on XAGUSD 11.12.24A head and shoulder formation may be visible on silver and it will be confirmed if the price does not get above 33, if it breaks through, then one could consider a long position, but if we maintain this level, a correction may come here up to the price of 29.
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
Fibonacci Level - 61.80% / 78.60%
RSI - Divergence
Bullish Channel as an Corrective pattern in Short Time Frame
XAG/USD "SILVER" Market Heist Plan on BearishHello My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist XAG/USD "SILVER" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame
S / R Level
Silver XAGUSD Bearish Robbery Plan to steal EverythingMy Dear Robbers / Traders,
This is our master plan to Heist Silver XAGUSD market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
XAGUSD "SILVER" Bearish Robbery Plan To Steal MoneyHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist XAGUSD "SILVER" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss : Recent Swing High using 1h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
SilverPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " A - wxyx " Corrective Waves
Break of Structure
CHoCH
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
RSI - Divergence
Break of Structure and Retracement
Resistance Level
Bearish Channel as an Corrective Pattern in Short Time Frame
XAGUSD Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Frame
RSI - Divergence
Break of Structure
Completed " 1234 " Impulsive Waves
S / R Level
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Consolidation Phase
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 123 " Impulsive Waves
RSI - Divergence
Break of Structure
Bearish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 61.80%
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Consolidation Phase as an Corrective Pattern in Short Time Frame and rejection from Upper Trend Line
RSI - Divergence
Break of Structure
