Silver is seeing major resistance at 16.313 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this level. The next major level of resistance is at 16.639 (Long term 38.2% retracement, horizontal pullback resistance) and the next major level of support is at 15.62 (Fibonacci...
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...
Since 5-6 weeks I became a great fan of Elliott Waves theory. However i'm pritty new in this. So I would appreciate ctiticism. ctiticism. Here is a complex corrective structure ABC - connection to X and Elliot descending triangle corrective pattern. If I am right about that there is next IMPULSE in development. IF the current move breaks the triangle and goes...
I am expecting a Drop on H4 Due to Following Reasons Symetrical Triangle Breakout Upward Rejection High Volume H4 Short Does not Gonna Affect Monthly Silver Gains Consolidating at this area for a long time Let us see how this trade goes
SILVER is expected to SINK now. The reason why we feel SILVER may SINK. * On weekly basis it has just started SINKING * To Rise and come near 14.98 levels * Stoch RSI (3,3,14,Close) is SINKING. * RSI (14,CLOSE) is SINKING. * CCI (20,CLOSE) is SINKING. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call...
SILVER is expected to SINK. There are many reason why we feel it may ...... * BEARISH ENGULFING in WEEKLY Chart. * To SINK and come near 14 * Stoch RSI (3,3,14,Close) clearly states it may SINK. * RSI(14,CLOSE) Is also of the same view. * CCI(20,CLOSE) Is also saying the same. Keeping all the above indicators in view along with the chart pattern we expect it...
XAGUSD is expected to sink now. There are many reason why we feel it may sink. 01. It has not sustained quarterly buy level. 02. Pinball in daily Chart. 03. To sink and come near quarterly sell level of 14.12 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all...