Hello Traders,
Today we would like to present you TVC:SILVER as it seems to decline in near future. Let us break down the analysis.
Starting with the fundamentals/macro overview as usual:
TVC:SILVER is currently not a very much watched instruments in the financial market, however it shows some interesting pattern. These pattern we would like to provide...
The level 4900 is a place for making decision how we have to trade. Let's think about possible price movements. If the close price of this day is above 4900, we'll have price reversal from the support level with RSI confirmation. MACD histogram will support up movement. At the same time rising MAs with periods 20, 50 and 100 give a signal that up trend begins and...
Price reached the important resistance level 4900. We have 2 possible variants for trading in this zone. If price bounces from the resistance with RSI confirmation, we'll have to open short trades with profit target near the support level 4700. DMI confirms range market conditions and price reversal from the resistance level looks more realistic. If price breaks...
Price bounced from the support level and MA20. RSI confirms price reversal and MACD gives a signal for opening long trades above 10580 with target near 11000. Stop order should be placed below the support level. If ADX starts rising, it will be good confirmation of up movement.
We have to open short trades because:
- price reversed from the resistance level
- RSI confirms price reversal
- Double Top or Triple Top chart pattern
- Bearish Divergence was formed by Price and RSI
- MACD gives a signal for opening short trades
- ADX falls and allows open short trades
To my mind we have solid arguments for opening short trades. Don't you think...
Price reached the resistance level 4838 and reversed with RSI confirmation. MACD gave a signals for opening short trades below 4810. DMI confirms range market conditions. Stop orders should be placed above the resistance level and take-profit orders near Bollinger Band. And tomorrow probably we'll have a reversal pattern on the daily chart.
We have a very clear signal for down movement. Price bounced from the resistance level with confirmation from RSI and MACD. ADX is below 20 and confirms range market conditions. DMI allows open short trades. Entry level can be below 4756, it's the low of the signal candle. Stop should be placed above the resistance level 4838 and profit target is near the possible...
On 1H chart we have trend market conditions and we can trade. Price touched MA20 and bounced. MACD confirmed price reversal and gave a signal for opening a short trade. Entry level is below 4774, stop should be placed above the swing high. Our profit target is based on R/R ratio 1:3 and we use no more then 1% from our deposit for this trade. We have the support...
Reasons To Go Short silver Below 18.950.
Bearish Flag Strong Continuation Pattern
Market Is In Bearish Momentum
Major Resistance At Top
Sideways Consolidation
Institutional Seller Orders Standing Below 950 Level
An Impulse To Downward Side U Should Trade The Next Impulse to Downside For Profits
Best Of Luck!!!
...
Same Similar View Like Silver Looking Good Here gold i am expecting bearish drop after price level Breach.
Reasons To Short
Bearish Flag Strong Continuation Pattern
Sideways Consolidation
Institutional Seller Orders Standing Below 950 Level
An Impulse To Downward Side U Should Trade The Next Impulse to Downside For Profits
Best Of Luck!!!
Regards MJ
Will NASDAQ move higher and reach 4850? Why not? We have up trend on the daily chart and we can try to make some profit. Price touched MA50 and a bullish candle gives us a signal of possible price reversal. MACD gives a signal for opening long trades. Entry level is above the high of the signal candle. Stop should be placed below the swing low. Profit target can...
