Silver made a symmetrical triangle formation from 1988 to 2004 and broke this formation in 2004. Its peak and order block in 1983 worked as resistance in 2006 and as support in 2008 and 2020. I think the peak Silver did in 2011 was an order block too. The reason for this is that this order block was rejected in 2012. The symmetrical triangle formation it has...
Short from here. Use reasonable Stop loss TP 21.5 Trade safe
The silver price is currently near US223.75/ounce, and it has fallen by about 1.4% during the day. If it falls below US223.75/ounce, this will open the way for a further decline in silver prices, and silver prices will continue to be expected for some time to come. The bearish trend scenario. Currently waiting for the silver price to fall below US223.70/ounce...
Silver has been in a low-level shock yesterday, and the current bearish pullback has ended, so today the bearish trend continues to be bearish. Silver @sell23.95 tp 23.5~23.1.
Hi there, For me , on daily chart this is looking very bearish, but i will not entry now with a short because we still need to wait for a break line ( red line ) and also, a Price action confirmation, afther that , if we close under the red line, i will short this . But i think will be a nice trade with a good profit .
24.90 remains a strong 4 Hr support level. RSI touched my divergence trendline perfectly before price bounced right back up. Waiting for price to cool off a bit before entering long again.
Looks like a double-top on 4 hour SI chart. Price broke below 50EMA If price losses the upper trendline of the descending triangle expect price to push to bottom trendline of triangle at least. Will it tap the upper trendline all the way down until the break up?
Not perfect, but big shooting star on SI daily chart along with break below the 50EMA on the 4 hour chart makes me think Silver may pullback to major support from 24.00-24.60 before shooting back up. Could the star really be the 2nd top of a double-top? Time will tell. Holding steady for now.
I'm seeing that 4 of the last 6 times that this pattern has played out over the past 4 years, at the first major pullback the RSI continues to put in a higher low. Price then move higher.
I'm seeing a bullish RSI divergence coupled with a descending triangle on the 4H silver chart. I see a similar setup 5 times in the past year and each time the price went up. Am I seeing this correctly?
AB = CD Harmonic Pattern formation has been observed which indicates an increase in the Silver Price (USD). You can buy at 25.150 price point. Place a Stop Loss at 24.760. Take Profit 1 @ 1:1 risk/reward will be 25.509 and Take Profit 2 @ 1:2 risk/reward, will be 25.890.
Silver is one step away from reaching resistance on the MONTHLY, it has increased a lot, a lot, but it will soon reach the area where many will close their profits. There are many institutions that take profit in this area, so this area will become more and more difficult to hold and thus it will weaken a lot, in addition, RSI is super overbought and this shows...
Hi, this is my new update for Silver. Finally today we have broken one of the biggest trendline in the history of Silver. In the past 2 years we have been stuck under this trendline and after testing it for the 6th time we finally see a good breakout, but not everything is certain right now. Two months ago I told you guys that we are in a "bullish expanding...
Hi, we expect your silver to explode in the near future. You need to prepare for it. I am willing to join this bullish move after a correction to the 0.5 Fib level of this range. I expect limit orders at this $24 level. let's see, leave a comment if you agree.
Silver is unstoppable. The market keeps growing like crazy. Here are 3 important structure resistances from where we may see a pullback. Resistance 1: 24.28 - 24.63 area Resistance 2: 25.82 - 26.22 area Resistance 3: 26.7 - 26.9 area Consider these structures for pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️
Quantitavive easing essentially back in full effect Banks over exposed to us bonds are becoming insolvent and requiring bailouts from the fed This is essentially a contagion or a chain reaction that will require many banks be bought or bailed out, which will kick hyper- inflation back into full gear Precious metals will benefit from currency devaluation and...
Hi, this is my new update for Silver. This week we got a big green weekly candle (+10%). We lost a big support level 2 weeks ago around 21.50$ and now we are above it again, I think that was beautiful bear trap. Right now we have smashed all daily and weekly moving averages and we are getting back the bullish momentum on daily chart. Another thing that is bullish...
Time is fair. Whether you are lazy or hardworking, time will gradually give you the answer that belongs to you. Those who cherish time will be cherished by time! Currently, the pressure on silver is concentrated in the 21.5 area, where short selling can still be repeated. Silver has not followed the recent rise in gold prices, largely due to previous...