Ready for a breakout?A great pattern is developing. If you want to be in at the low...now is the time to buy.!!!!!!
SI1! trade ideas
Silver is forming the bearish triangle. The silver chart is forming triangle pattern that have potential to go down. RSI is also indicating the reverse sign. Now I am waiting only lower time frame bearish pattern to enter this trade.
Silver 2020 (March Madness)Who else is noticing silver's fractal move playing out like the March 2020 turn around?
Who else remembers the melt-up move following that turn around?
#fintwit #silver
Silver Futures - potential setupsCOMEX:SI1!
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate.
👉 2. Price goes BELOW the selected range. below. Short positions to activate.
⚠️ Important Notes:
1. Follow your risk management rules.
2. Timeframes: up to H4
Silver Finishing Minuette Wave 3Silver is currently in subminuette wave 5 of minuette wave 3 down. After finishing minute wave A, silver should experience a tiny rally during minute wave B.
Silver chart analysisThe price of silver retreated from yesterday's high of $20.83 to this morning's low of $20.35. We now have support there, and we could rise above the $20.50 level again. Then we would have a chance to visit the $20.75 level once again and try to move on to $21.00, the next higher target. For a bearish option, we need a negative consolidation and pullback of prices to the $20.25 level. Additional support at that point is in the MA200 moving average. The price break below takes us down to $20.00. After that, if the bearish pressure continues, the price of silver could fall even lower. Potential lower targets are $19.75 and $19.50 levels.
Silver Has Begun Minor Wave BSilver has finished minor wave A up and is starting minor wave B down. Minor wave B will most likely take the form of a zigzag.
✅SILVER RISKY SHORT🔥
✅After the retest of the of horizontal resistance
It makes sense to expect a bearish correction
As SILVER is overbought the market players
Will be taking profit from the level
Fueling a selling wave
SHORT🔥
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Silver: I Like to Move It, Move It!I like to move it, move it,
I like to move it, move it,
I like to move it, move it,
We like to move it !
You were bouncing along – admit it! Silver, at any rate, is shaking its booty to the beat, while continuing to move upwards. It should keep up the party mood and hop above the resistance at $20.84 to enter the upper turquoise zone between $20.94 and $22.42, where it should finish wave v in turquoise as well as wave 3 in green. After the subsequent countermovement in the course of wave 4 in green, silver should resume the overarching ascent.
However, there still is a 40% chance that silver could lose its rhythm and drop below the support at $18.88, which would then result in a detour below the next support at $18.01 and through the orange zone between $17.46 and $15.33.
Silver Entry Points For A 21.80 TestIn this update we review the recent price action in the Silver futures contract and identify the next high probability trade locations and price objectives to target
Silver M - Wave CHourly 1 2 3 4 5 wave complete
A B also seems done
Wave C in progress
Strong support area 58600-700
Buy at lows
Possible Tgts 60250-62800
WEEKLY 7th AUGUST SILVER PRICE ANALYSISSILVER is 27% down from its high of last year. we can see bullish marubozu candle at resistance of 54000 range. Silver has value both as a precious metal and as an industrial one. silver demand has been overwhelmingly tilted toward its industrial side, silver is used in various other industries apart from jewellery. As a result, there is a good demand for this metal in the market. You can make the best use of this situation and invest in silver for your future.
There is some tension in the geopolitical situation and this can lead to an economic slowdown in the future. Apart from that, many countries are in a financial crisis and they have too much debt that can lead to problems at a later stage. Considering all these things, you should always safeguard your investment in the market and invest some part of your funds in silver. This will help you to hedge your other investments and your money will be safe even if the stock market downfall
SILVERBEES......ICICISILVE are some of the etf where you can buy easily.
DeGRAM | Silver shortSilver price went down and tested a major support zone .
Price action is likely to consolidate at resistance level.
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Silver - MCX - at supportSilver (MCX is at trendline support
Intra day longs can try here. Pls manage SL as per appetite
Silver Finishing Minor Wave A
As mentioned in the analysis above, silver is currently retracing intermediate wave 2, which appears to be developing as a zigzag.
We appear to be in minuette wave 3 of minute wave 5 of minor wave A. After wave A finishes, silver should experience a moderate decline before rising again in minor wave C.
Silver Futures (SI1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 22.005
Pivot: 20.425
Support : 18.905
Preferred Case: On the H4, with prices breaking out of the descending trendline , we have a bullish bias that price will rise from the pivot at 20.425 where the swing low and 61.8% fibonacci retracement are to the 1st resistance at 22.005 where the overlap resistance is.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 18.905 where the pullback support.
Fundamentals: Federal Reserve will have a hard time raising interest rates in an economy that is so soft. However, this is more likely than not going to be a false pretense, as inflation is still roaring.
Silver Futures (SI1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 22.005
Pivot: 20.425
Support : 18.905
Preferred Case: On the H4, with prices breaking out of the descending trendline , we have a bullish bias that price will rise from the pivot at 20.425 where the swing low and 61.8% fibonacci retracement are to the 1st resistance at 22.005 where the overlap resistance is.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 18.905 where the pullback support.
Fundamentals: Federal Reserve will have a hard time raising interest rates in an economy that is so soft. However, this is more likely than not going to be a false pretense, as inflation is still roaring.
Silver First Leg Of A Larger Corrective Pattern In this update we review the recent price action in the Silver futures contract and identify the next high probability trading opportunity and price objectives to target
SILVER Buy opportunityHello traders, The end of past week we saw a 4% rise in price from a 2 years low at 18.00, silver is extremely bullish and as is seen its trading above the 200 MA we expect a more volatile market at the coming sections.
Silver Breakdown (MCX)The commodity has broken down and retested, therefore may undergo a correction. Trade is supported by Resistances Nearby.
Risk Reward Ratio - 1.5:1
SL is placed above the resistance zone & the upper trendline. The target is placed near support.
silverGuide to 5-wave patterns in Elliott Waves:
1. Wave 2 cannot go beyond the beginning of wave 1
2. Among waves 1, 3 and 5, wave 3 cannot be the shortest wave
3. The closing price of wave 4 cannot be within the closing range of wave 1.
Silver futures - Potential ideaCOMEX:SI1!
Do not forget that everyone trades on their own time frame and everyone has their own personal money management!
