Silver < BitcoinI see a double top in Silver.
Bitcoin might overcome Silver in the next weeks.
companiesmarketcap.com
QI1! trade ideas
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.
silver long and short trand silver is bulish trand above 67000 is up trand posibal up moves 70% chance
Silver BullishHopeso Pullback is Done According To Head and Shoulders If So Above 72700 Fireworks Till 74500
Silver MCXLooking Bearish,
All the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Traditional|SI1!|Long and shortLong and short SI1!
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
SilverSilver is following a trendline as marked.
currently took support at previous support zone. It is interesting to see if it holds this support areas or not.
Wait for any confirmation on buy or sell side.
This is just for an educational purpose.
Forming cup and handle, breakout this month?As you can see, cup and handle in the workings. It is a minor cup with a licking handle. If We break descendent tendline on a weekly We are of to the races.
Do you agree? Not financial advice
Bullish, touched major resistance todayLongterm resistance from first 30+ till now. Couldnt get above 27,75 today. Next week projecting 28.25 after gaining a breather back to 26,7.
Future of Silver looking brighter again!As long it holds25.660, track the upside resistance / target levels as marked. Today's possible retracement levels are marked with light dotted lines.
