TVC:SILVER TVC:SILVER is primed to POP and eyeing next levels. As Always, NFA & DYOR.
D1 - Price respected a strong support zone and is bouncing higher. Bullish divergence. Expecting short term bullish moves to happen here. H4 - Higher highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks.
Fundamentals backing this trade idea: - Silver as a seasonsal tendency to rise in the month of February - Looking at the Commitment Of Traders Reports, large commercial hedgers are decreasing their overall net short positions Thought process: Smart Money Concepts begin with adopting the 'Market Efficiency Paradigm' which is the idea that the market is either...
Analysis: Upwards trend (bullish confluence factor) Break & retest of previous area of resistance for support (bullish confluence factor) 38.2% fib retracement level touch (bullish confluence factor) Upwards trendline close by (bullish confluence factor) 6K long position decrease for the USD (bullish confluence factor) Stay Safe - The JPI...
Analysis: Taking a look at the chart we can clearly see that price is in an upwards trend. We're forming higher highs and higher lows which helps confirm this as well as the upwards trendline that is present. Price today has pulled back to an area of interest to us as this level previously held as resistance. As we know resistance often becomes support when...
SILVER analysis 👆👆 I think everything is shown in the drawing ✌
We are oversold and overall we are in a downtrend. The stochastic is positive and way below the dark cloud cover. The strategy is BUY current @ 18.30-18.40 and take profit at 20.07 for now. We have a resistance 19.09 GANN fan 1/1 line.
you see it here first hehe, fed coming in 2 days, LONG TERM VIEW IS THIS.
this could be the next reversal point . looking for upside . first target 29.50-30.00$.
It still feels slightly under pressure as it is moving a long the cloud line. the stochastic 4-hourly chart is low, and the weekly chart (medium-term) has potential to see much higher. For those reasons I feel no change in view, and we by @ 21.10-21.40 for a move beyond 22.00 > 23.10 as objective. Stop-loss could be placed below 20.70 for now.
No change in view. Silver is moving slowly upwards and we may see $ 23.50 - 23.75 as a good possibility short-term. The pattern is bottoming and also positive stochastic and a lot of room back towards cloud resistance. for now strategy is BUY @ 21.00-21.30 and take profit $ 23.50-23.75.
No change in view. Silvr feels bottoming and a recovery back towards 23.50 or higher seems possible. The stochastic is very low, and oversold status still there. For now we buy @ 20.80-21.10 and take profit 23.30 for now.
Now we are starting to become oversold on silver, and as stated earlier days, BUY entry 21.60-21.90 and even today better 21.40 is likely a good suggestion. The market is far away from cloud resistance and we should be starting to base somewhere soon. For now I feel we buy current 21.40 or if we bought earlier 21.60 area, we add BUY @ 21.00 again. Profit taking...
Silver has not yet reached its low, and I feel we may see slightly lower levels. The stochastic is low, and we are over extended a bit. Strategy is BUY @ 21.60-21.70 for now and not at current levels. When done, add further @ 21.15. Profit order @ 23.07.
Silver is showing signs of a bull flag, with a major breakout at the start of 2024. It will bounce between 22 to 25, with wicks up and down leading up to the breakout. This is a very long term play and with the current state of the world could change at any time.
The decline happen as I felt we may attempt 22.00 test somewhere. We are getting close now and I think strategy to BUY can be placed. The strategy is BUY @ 22.05 and take profit @ 23.17 for now. We may add further @ 21.65 when seen.
Silver starts to show signs for moving higher again. The initial idea of BUY strategy @ 23.20-30 still stands and even we went little lower we are protected on down side for now. Stop-loss still below 22.70 is advised and profit order somewhere $ 24.78 for now.
No change in view. The market is a little over extended, not extreme and I would think we may correct a bit upwards. I feel still BUY strategy @ 23.30-23.60 (or when long) add slightly 23.15. The stop-loss is required below 22.75 for now. Profit order @ 24.78.