Silver is trying to break above the Inverse S/H/S bottoms neckline near 18.00 and more importantly above resistance at 18.51. If the later is broken too, then a rally towards the measured S/H/S target at 22.94 should be expected as a minimum, but this rally could easily extend higher towards 25.10.
The Inverse S/H/S neckline at 18.00 will now shift from...
Eliott Wave Entering wave 3 or wave 5 of the complete basic wave pattern
Silver
Hello good afternoon traders,
i used the Fibonacci retracement tool to help me understand the retracements on this chart. After Wave 2, the Market continued to sell. Wave 2 ( a corrective structure ) is correcting Wave 1 and the Fibonacci retracement shows that clearly. It...
Awaiting next impulse move to the upside. Bearish momentum of the corrective structure seems to be dying, so the start of the next impulse is just around the corner. However there is possibility of another wave down to complete a triple three pattern. Nonetheless the plan is to buy any pullback.
I am looking for a break with a small correction to take a further long position.
We may have finished a 3 wave a-b-c or there may be another leg down for a d-e.
I am leaning towards the d-e pattern. Regardless I need a break above to get involved.
On Monthly Chart Silver Looking Nice To Buy Because Of The Downward Channel Or Wedge Breakout
Reasons To Buy
Downward Wedge Breakout
Possible Reversal Onto Bullish Direction
Pullback To Entry Point Nice Time To Add Onto Position
Upper Trendline Breakout With Bullish Volume
Bullish Divergence @ The Bottom
Silver Bullish Is All Over The News
Indicators Are...
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 currently trading near the level of 16.25, If Silver holds above the level of 16.42 which is the 100 days MA we short for a short term upsurge very quick to the level of 20.70. Currently facing the resistance zone of 16.42. Any close above it shall see a rocket to the above said levels.
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :)
With the history of miners leading the commodity in moves, I'm expecting gold to make a move higher (see GDX charts):
- We again have the bull flag being made, with any bearish attempt to...
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :)
I was expecting it to retrace down to the 17 area to "fill the gap"
Instead it created a bull flag / pennant , and then in 3 days , broke out of our channel and above price action
All very...
SILVER is expected to RISE now.
* To Rise and come near 15.47 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Rising.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :15.29, SL: 15.24, TGT 01: 15.42, TGT 02: 15.47, TGT 03: 15.64. The...
SILVER is expected to RISE now.
* To Rise and come near 17776 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 Buy call shall be from Buy above :15.68, SL: 15.43, TGT 01:16.73. The view expressed here is on...
SILVER is expected to RISE now.
The reason why we feel SILVER may Rise.
* To Rise and come near 16.3 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Sinking..
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Long above: 15.96, SL:15.87, Tgt...
On 14th December 2015 XAGUSD put in a low of 13.62. Since then we have seen SILVER move higher and there are no signs that we're headed back to test that low any time soon.
I have multiple positions open LONG SILVER and I can't foresee a time when they will be closed (now 15.44)
Currently price is moving out of the monthly 23.6 Fibonacci zone into the 38.2 Fib...
We expect SILVER to rise this week.
STOCHRSI is rising.
RSI is rising.
CCI is rising.
Our silver long call will be Long above : 15.52 SL:15.41 TGT 01: 15.82 TGT02: 15.94 TGT 03:16.32
Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
