SILVERMIC1! trade ideas
$si $silver another leg down expectedDownside expected for Silver
Silver should be heading down towards the 19.60 level.
It has gone 26 days down and 9 days up to 50% level.
a good entry for selling would be below the oct 8 bar.
Silver isn't as volatile as gold in terms of prices and you won't experience the wild swing in gold as seen on Oct 8
I am expecting gold down as well around Oct 13
New trading strategy upgrade - Silver
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - using Chart only, your comments are highly welcome. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Good luck guys.
Silver 12y BULLFLAG, stay tuned for the seriesNext target is $40, that's coming out of the IH*S internally.
IS a conventional bullflag. Have a core downchannel, now building on that support to the top-right corner to BO. DOn't expect whips below core channel - UNLIKE 1y silver consolidation, 1y sideways continuation pattern, no structure HENCE needed to hit the bottom-right corner to generate the power for the upmove.
Tee purple is the actual flag boundaries, so break that and ka-pow!
But before then, expect ~$40 then a backtest.
Wait annd see teh next few piccies. YOur mind gonna be blown!
Silver10.1.21 SILVER : This is what a good reversal pattern looks like in my opinion. Ideally, we'd like to get long at the bottom, and now I'm showing you the chart a day later, and a day late. In a practical sense what the market did after he made a low helps define the reversal pattern. Therefore it may be forgivable that we give up precious points because we weren't there for the bottom, or we didn't have conviction that it really was a bottom until it moved higher. But this video has some more important message because the behavior of this market before it made that final move lower to a reversal bar... Which is always going to be a factor as long as you trade "why didn't I get in at the very bottom"..... the video is about battling the market when it was contracted for a week or more and all the things that are going to frustrate you, set you up to make bad trading decisions in a very unclear, contracted market, and cost you a lot of money and even cost you more psychological capital. The video will explain further. Training is not an easy business, one of your greatest liabilities is your propensity to make trading decisions in an unclear market, and not knowing what the signs are for this kind of market. The market's message isn't always clear, and it's not always intuitive, and this is where you may want to spend time looking for the connection which helps you make better trade decisions... and this includes holding off from a trade until you find the clue that increases your probability for success.
Silver keeps SHORT.Hello Traders
The future of silver (SI) is likely to remain short.
On the weekly candlestick, chart you can see the fast volume indicator just gave a bearish signal.
The slow volume indicator continues to confirm the short trend.
Waiting for the price to close today, right now it is losing the 38.2% fibo of the marked segment. If the price closes below there is a good chance that the price will continue to look for shorts at least until the 50% fibo.
On weekly candlesticks the short volume indicator does not say that volume is stopping as both volumes fell below 0 and the quick volume indicator confirmed the shorts.
Have a good day