Silver - Inverse head & ShouldersSilver - Breakout of bullish Inverse head and shoulders pattern on the daily timeframe chart.
Only for educational purposes, not a buy/sell recommendation.
SI1! trade ideas
silver long we have a breakout of a channel, and a pullback on it,
and we also have another channel being created.
the price broke the resistance and the moving average at once.
expectedly the price will respect the new channel and go on an uptrend
buy market ASAP if you could
Silver Potential 4 Months Head and Shoulders BottomJust happen to be looking at few futures charts and noticed this potential 4 months head and shoulders bottom on #SLIVER with $25 level as neck line
$SLV $SI_F
Silver LONG cot commercial index increasedseasonality and cot data suggesting a long trend in silver.
bonds and gold are also bullish.
looking forward to hold the long position till a daily bar closes below 18 moving average.
Silver: Slowdown Slowed Down! 😟😟😟There is a lot for the silver price to do. Overall, we expect the price to fall under $21.41, but the correction was slowed down by the bulls. As long as the price can stay below $24.94, the primary scenario is intact.
Let's see if the bears can pull the course back down!
Silver LONGGGG!!!Silver is at very crucial level forming inverted head and shoulder pattern with the support of fibonacci level. One can go long with the bullish confirmation at the second shoulder.
DWAC Sliver11.3.21 DWAC Silver: Why would a trader consider going long here on DWAS? What happened to Silver?
Commitment of Traders defined "wake up jolts"Silver Future's Weekly Log Chart and non reporting COT data, combined with periods where silver dwindled below it's 200 week moving average...
Some nice signals that generated 106%, 409% and 462% moves.
Silver follow trough buy Silver looks bullish.. Silver break its downtrend and now small bull flag making in the process. Expecting above 24$ tgt 28$++
Silver: Perfect Hit! 💯💯💯The silver price hit the target of the countermovement at $24.54 perfectly. Now, in order to also continue this perfect movement, it needs to fall. Overall, the price should approach areas below $18.82. Another increase has a probability of 35% and would need the silver price to surge past $24.94 to realize.
Happy weekend!
Silver breaking back to upside after a spring in trading rangeSilver has been in a long consolidation range after it's initial jump from march 2020... this could hopefully signal the final bottom but maybe we are just in a holding pattern until stocks loose steam early next year?
Cup & Handle Breakout in SilverSilver prices broke out above the neckline of a cup & handle pattern, As per the pattern formation Rs. 66300 is expected target
Inverse Head & Shoulder in COMEX SilverPrices have successfully broken out above the neckline which was placed at $23.30, As per the pattern formation $25 is the expected target
xagusd longafter stopped out, re enter at 23.54 buy stop to target 24.46 highly likely target of head & shoulder
Silver preparing to have a popHovering around the diagonal resistance line, ready to pop above it. Silver has been due for a while now, but looks like the time is very soon.
A practice in hindsight charting... part IIAnd here is silver's epic move played out... never quite as imagined.
A practice in hindsight charting...Silver Future's Quarterly EPIC breakout from Q1 2004...
What if I was the same charter I am today back then, would I of seen the epic move about to unfold?
Silver is Ready to Reverse Downward trendSilver seems to be left behind amid major interest for crude, aluminum and natural gas. While silver prices are ending the week with quite a strong upside move showing intentions to leave a downward channel that has been forming since June 2021.
Let’s take a closer look at the silver price chart and start with the “Morning star” candlestick pattern that has been forming on a weekly timeframe chart for the last five weeks. In this pattern the “Morning star” is presented by three candlesticks in the same area. And this pattern is formed close to the strong support level at $22.06-22.12 per ounce. This support level was confirmed in September and November 2020.
It is worth noting that the downward movements since September 7 have been in a form of a downward wedge that is considered as a reversal pattern. Moreover, the resistance of this pattern is already broken to the upside. Considering the height of this wedge, we may have $24.84-24.94 per ounce as a target for silver prices. The second target, considering the width of the wedge, may be projected at $25.60 per ounce.
At the moment silver prices are trying to break the resistance of the 4.5-month downward channel. And for this to happen prices should reach $23.90 per ounce.
We may see multiple technical upside signals on the daily and weekly timeframe charts.
My forecast is that silver prices may reach even $26 per ounce in the coming weeks to meet the resistance line formed by January and May peaks. If the $26-26.30 landmark would be broken we may have room for further upside movement to $29-30 per ounce. In this case, the upward trend would be established and we would have an upside movement to the height of the consolidation that started in June 2020, and that would guide us to $36-37 per ounce.
James Anderson, Chairman and CEO of Guanajuato Silver Company suggests that silver prices may reach $40 per ounce by the middle of 2022. "If we have a weak economy coupled with a drive towards needing and using more silver, you're going to have base metal mines shutting down that produce silver as by-product, just as an enormous demand for silver comes to the fore," he said. "In that environment, you could easily see silver go to the $40 price range. But it is more likely we will see silver at $30 before it hits $40. I can see it hitting $40 halfway through next year."
