SI1! trade ideas
Short Term sidewaysResistance 1 : 75,200
Resistance 2 : 73,800
Supprt 1: 69,800
Support 2 : 67,400
Market trends in sideways. Traders may buy or sell their lots near the trend line.
Disclaimer : Herewith I just shares my view. Please trade with your own and comfortable ideas.
Silver SHORT, COT + seasonal bearish 5 hour and daily chart are showing sell signals, last 4 wednesdays/thursdays where also bearish.
Looking forward for more sell signals...
Silver forecast - break it or make itWe have a bit different situation in Silver. The flagging formations on the monthly chart failed more compared to Gold. In fact, in 2012 there was a clear depreciation in this market – flagging formation that broke to the downside; tight consolidation followed by the final breakdown. Certainly, it is too early to jump into this market, but in the case, we see a breakup in this market, bulls could target the 38 – 40 range.
Overall a lot depends on the dynamic of key economic indicators. It’s worth noting that inflation is growing quite rapidly in China’s manufacturing sector, which many economists warn could translate to higher costs for a wide range of goods across the globe. If inflation worries spread on major markets, the precious metals sector will shine and deliver amazing returns for qualified traders.
So far so good! 👍So far so good!
After reaching our (b) wave target at $28.935 the bullish fades and the outcome is a sideways movement with lows at around $27. We now expect further selloffs. The next important support level is at $24.04. Breaking below this target, we unlock further downside potential.
Happy Weekend!
Commodities - Silver Diamond TopIdea for Silver:
- Rising Dollar and Yields is fundamentally bearish for silver.
- TP1: 19
GLHF
- DPT
Silver - Si1! - EW analysis - ABC flat correction Silver - It is forming flat ABC correction after impulse cycle completed at last top. Expecting around 26.80 zone as the end of C wave, which will subdividing as impulse as shown in the chart.
SILEVR GO SHORT SHORT TERM RANGE BREAKOUT ON SILEVR GO SHORT BELOW 72313 FOR THE TARGET 72013 , 71930, 71750
The time when silver will finally break through $30Although too many people are screaming for $30 Silver for quite a while it might be the time when banks are finally positioned themself on the right side of the trade and let some price discovery catch up with reality.
SILVER LONG CALL !Silver has broken major support at 25.75 and as you can see drawn on the chart some support pivots drawn and a horizontal triangle which help decide the entry points
There is a trend for entry at 27.6 as highlighted, want a break of this higlighted point, i wouldnt trade long below this.
1st TP would be 29.85
Have a great trade.
Silver Futures 24 MAY 2021 2314 hrs (trend identification)I am just writing off of the top of my head so the chart is most of the key take aways. If you already understand these idea, then this may not be for you . If you are stuck, i hope that this is helping . I try to put the recommended reading in because that was the hard part.. putting the theories and principles together. There is some crazy stuff out there that usually left me more confused and frustrated. A lot of money was wasted and lost.I was just hard headed and needed to understand what was happening. So again, I hope it helps.
Silver is another once where when the volume strikes its very clear. Gold as well. This is a good chart to convey the idea of a primary trend and secondary trend. Notes are on the chart but ill just throw in that you can see the importance of seeing what is going on to the left of where price is currently moving.
Previous demand and supply zones (order blocks) are a simple and reliable area to start looking. Previous demand zones are generally where trends reverse or require testing before being broken through. Use volume to determine is SM has been in the accumulation process.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Dee Nixon
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
Silver at trendline crossroad. Some higher timeframe bearish signs are creeping in. Mostly I'm looking at the breakdown of trendline support, and current move reaching pretty deep into fib levels.
Conversely this could be a great time to buy if the bullish attitude resumes.
Silver - SHORT; SELL it here!!All the PMs but especially Silver is a Major SHORT here, with a Low-risk Entry!
A Bullish G/S and a likely USD reversal here - even if potentially limited in scope - should underpin a substantial decline in all the metals, from these levels.
Charts like this are no help, either! (Stock market forced liquidations have a tendency to spare nothing and no one, not even the PMs - at least initially.)
XAGUSD
Silver and Claster have a historical time of $30, and then we expect to drop to the 21$ and then 19$, and we may get to less before the big break to the new time period, and God bless.
SILVERSilver, still fits perfectly in the growth channel on the daily chart. In my opinion, we will see him above in a few days.
Silver < BitcoinI see a double top in Silver.
Bitcoin might overcome Silver in the next weeks.
companiesmarketcap.com
Silver: Turning Point? 🔀🔀🔀We have reached the area around $28.935, where we expected the silver price to turn and move down South. If the price stays below that threshold there is no reason for us to change that expectation, though above that mark we would adjust the probability of the alternative scenario to 45%. In the longer run, we expect the silver price to fall below $24.04.
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SilverSilver right now at a very strong resistance, this level has been acting as resistance since year. In uptrend, lets see whether it can break this level and sustains or cools down need to watch. RSI levels are saying its at overbought zone. Lets see...
Silver RunAn incredible move in Silver seems to be developing.
After nearly 7years of being range bound, Silver broke out of the range in a violent move.
In less than 4 Months Silver went from $14 to $29+ (more than 100%).
It has been consolidating those gains for the past 9 months in a bullish flag or ascending triangle.
The resulting move seems fairly imminent and could lead to another 100% move.
The flag pattern has a target of $48 but could be exceeded in a blow off top reaching $55
This is a monthly timeframe chart so I expect it to take a little while to play out but 4 to 7 months seems reasonable.
NOT financial advice.
