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SI1! trade ideas

Silver: Into the Green 🌱 🌿Silver needs to relax a bit and as its last foray into the green was too short to enjoy, it has treated itself with another trip. We expect silver to extend the stay until the upper edge of the green zone between $23.69 and $24.43, where it should finish wave 2 in green. Then, it should turn around and leave the green zone to go down below the support at $21.94 and afterwards even further below $21.41. Still, there is a 38% chance that silver could surmount the green zone and rise above the resistance at $24.75. If it makes it even above $25.49 afterwards, it should continue the ascent.
COMEX:SI1!Short
by MarketIntel
Short on breakWatch for breakdown on Silver - 1H close below trendline Expectations : 1. Looking for similar action to the one posted here: 2. Whereby - weakness on this current bounce and a pullback or a small ranging action (on lower time frame) around 22.75 -22.85 zone or below Price targets : 22.15/20 - previous low on the 1H candle 16:00 UTC on 22/1 22.00 - next support level from 6-7 Jan lows 21.45/50 - below that is a 2 times low on 1H candle on 29/9 and 15/12 However should 1H close above previous high of 23.06 this MIGHT be invalidated, will update accordingly *Prices and trendline drawn based on Silver Continuous Futures listed as on COMEX, prices may differ from your broker especially if you are trading CFDs or other forms derivative **All timing based on UTC+0
COMEX:SI1!Short
by ng4312
Silver: No Dormancy 🐻 🐻 🐻 Usually, at this time of year, bears would be snuggled up in a cozy cave or den for their annual dormancy. However, at the silver market, they are full of beans and hold onto the price fast. After agonizing about it for a while, the silver price has finally fallen below the resistance at $23.48. Thus, we consider the downward trend we predicted affirmed. If the bears can keep the price below $23.48, we expect it to go even lower and break through the next marks at $21.94 and $21.41. Still, there remains a 30% chance that the bulls could interfere and cause a change of direction. If they prevail and bring the price back above $23.48, they could even manage to shove it above the resistance at $25.49.
COMEX:SI1!Short
by MarketIntel
Silver1.23.22 Silver :I am using a silver chart, but this is more about how to use certain tools, and how to work them into your charting and your trading. Obviously, you would like to use your tool to evaluate some behavior that's important to you, but someone else is looking at different behavior and Willie use the same tool differently because that person has different priorities. If somebody is showing you how to use a tool because that person says the tool works, you want to be very careful about the context and be aware of the reason for that person using this tool. On this video I'm talking about extensions, and two different ways of using extensions, but if you are not really sure of the reason for using that extension, if you're not going to use it consistently and you'll find that it may be less useful to you, or even counterproductive because your success won't be so much about that tool, it will be more related to the way you think about the market.
COMEX:SI1!
by ScottBogatin
3
Silver Future Yep so a stop order is usually a pending market order that only triggers once that price trades. Market psychology dictates that some prices are very likely to have a lot of stop orders waiting there, often much larger size than can be absorbed by the limit orders on the other side, this is why the price shoots up or down very quickly when the number of market orders outweighs the limit orders on the opposite side. ====> PLEASE IGNORE THE NOTES. I'm lazy when I have to write messes up in my brain.
COMEX:SI1!Long
by Christopher0909