I have 3 main scenarios and the good news is that they will reveal themselves very early next week. Scenario 1. The current correction is an abc, in which wave c has already extended slightly over 1:1 (Pt. 2). This would point to the price facing very strong resistance at its current level and failing to break higher. If price fails to break above $15.55 and also...
Just got stopped into a short trade. Will target 15.221 as both the larger degree and smaller degree wave 1 extensions put the 1.618 extension there. Good enough for me. There should be a healthy bounce after that.
Silver should shortly break the sub-wave (iv) low to confinue the wave (v) move that will finish the larger degree down-move. Expecting a bounce after that. Both the larger-degree wave extension and the smaller degree wave one extension put the 1.618 extension at 15.210 and thats good enough for me as a target.
Silver is a very attractive investment opportunity, but as with any trade, the entry timing and price are critical. I am still looking for an extry point but regard silver as potentially very attractive as an investment / trding opportunity.
Big, big bearish setup on a Weekly chart of Silver projecting a target of 9$ per ounce over the coming months. Great opportunity to accumulate Silver bullion as the price steadily falls over the upcoming months while holding a short position on an CFD/futures contract. As a trading opportunity it gives you a R/R ratio of about 21/1 Sell @ 16.159 Stop Loss @...
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
wait for sell confirm and take the short position
The major monetary metal in history is silver, not gold For most of mankind throughout most of history, silver has been the much more important monetary metal, familiar as the metal of daily commerce. Gold was used only for very, very large payments, which most people make only rarely, if ever. Both silver and gold are monetary metals, i.e., they both benefit...
After price action got rejected from $16.7 it looks like Silver wants to fall for a last time, Keep an eye for a bullish entry as well, ideal price to buy can be $14.50 Cheers!
XAG/USD – SELL Positions: Aggressive – 16.65 with SL @ 16.87 Moderate – 16.70 with SL @ 17.00 Targets – 16.40 / 16.15 / 15.85 / 15.50
In short our full net short position in gold and silver is well justified from the measurement of risk and reward at the time writing this article/idea As we are seeing from the past couple of days mining stocks,gold and silver have been moving sideways and volatility have been decreased in a significant manner,many inexperienced traders gets confused at this...
XAGUSD is approaching strong support at 16.35 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level to push price all the way up to our major resistance level at 16.78 once again. It’s important to note that we can see a short term descending resistance line which needs to be broken to open a bigger...
XAGUSD is reversing nicely below major resistance at 16.80 (Fibonacci retracement, horizontal resistance area, Fibonacci extension) and a strong drop could occur from here pushing price down to 16.58 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is seeing strong resistance at 92% where a corresponding reaction could...
XAGUSD is testing its resistance at 16.949 (100% Fibonacci extension , 50% Fibonacci retracement , 61.8% Fibonacci retracement , horizontal swing high resistance) and could potentially fall to support area between 16.161 (L T 61.8% Fibonacci extension , 100% Fibonacci extension , swing low support) and 16.025 (61.8% Fibonacci extension , 78.6% Fibonacci...
XAGUSD is testing major support at 16.36 (Fibonacci retracement, horizontal swing low support) and a potential bounce could occur at this level to push price up to 16.71 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). Stochastic (34,5,3) is also seeing major support above 4.3% where a corresponding bounce could occur to...