Head and Shoulders officially formed on Daily. The previous analysis, we were waiting for the pattern to form a Right Shoulder. Now with the price breaking below the RS, almost confirms the trade entry. 21>7 Price <200 - Bearish (Red back) RSI<30 - Bearish Target $16.30
Head and Shoulders formed on the daily of Silver. The price could next head on up to trap the bulls before the downside (forming a Right shoulder). 21>7 MA Price <200 - Bearish (Red back) RSI<30 - Bearish Target $16.30 ABOUT Silver and why the price could drop Silver is a precious metal that has been used for coins, jewelry, and decorative purposes for...
the silver XAGUSD will have to make a correction to 21.20$ and maybe to the 21.40 area as well before the continuation of the downtrend to the 20.33 area. also, there is a great probability that the market can go down without making a correction! that's what I believe. what about you guys? what do you think? tell me your opinion. do you agree or not .?? good...
Silver / 1D Hello traders, welcome back to another market breakdown. Silver has been trading in a down trend based on the Weekly time frame. The price had a deep pull-back. We notice the trend line has been rejected twice which suggets at least a pull-back on the bullish move. I'll be waiting for a position higher for lower risk. First target for the bears...
Silver appears to be playing out a nice bear flag, we have a target just below and that would be 4% if it plays out. If it plays out we could eventually see further continuation down even $19 later this month. Not financial advice. DYOR.
Silver showing a short term bearish trend. Spotted an short entry on the upper trendline. target short term profit at lower trend line.
Sold some of my silver today, and buying back in next year. Hope this helps. We have a bottom around 15.5 next year Cinco De Mayo Good Luck.
Just 2 days , i expect silver to start milting , its now in fist target . I think new low is possible . Good Luck
Silver looks weak and cant pass the resistance line . Shorting from here is a steel , and good point . Still in down trend and we can make lower low before the next pull run . Good luck
Silver is looking on downside today and looking to touch again the 22's level. target range will be 22.80 again
SILVER touched top line of important correction. I think silver is looking GOLD and DOLLAR INDEX. DXY is really important for this chart, if DOLLAR takes power, SILVER can have good correction.
Hello traders! In the first post about silver we exposed how according to our Elliott Wave Count silver should be about to finish the second X wave in a triple three correction for cycle wave 2. Since we arrived to a confluence zone with both the main bearish trendline from May '21 and a big volume cluster, we believe that price has a high probability of...
TVC:SILVER Fibonacci Retracement applied on daily timeframe of TVC:SILVER suggests that support at current levels will help it test around 24.3 & 24.9 yet not sustain it; but ultimately it will bounce back from weekly price level of 24.03.
It's important to stay informed about the market and various data reports that can affect silver prices. Here are some key data reports that traders should watch when trading silver: 1-Gold-silver ratio: The gold-silver ratio is the number of ounces of silver that are needed to purchase one ounce of gold. A high ratio indicates that silver is relatively cheaper...
In the daily chart it looks to me like we could start looking for short positions in silver as it broke the HL and didn't come back to any resistance level we can go looking for a position once there is a retracement again and hope it hits its support Not a signal DYOR
Hey traders, At the end of December, Silver reached a solid weekly structure resistance. The market was nicely rejected from that. Analyzing a daily time frame, I spotted a confirmed breakout of a support line of a rising wedge pattern. It confirms the strength of the underlined zone. I expect a bearish move to 22.84 / 22.2 ❤️If you have any questions,...
TVC:SILVER By applying #Dow theory, following observations are noted Downtrend : From Mar22 till Aug22; almost 34% profit if short position is considered. Uptrend : From Sep22 till date; almost 32% profit if long position is considered.
Silver reached an important horizontal weekly structure. The price formed a triple top on that on a daily time frame. Its neckline breakout confirms a highly probable bearish continuation. Goals: 22.6 / 22.2 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️