There is a possibility of a five-wave rise in the short term. If the 5th wave closes, the 4th wave will fall. If the four-wave drop ends, the five-wave rise will proceed.
Silver is at a critical point in it's chart. With gold breaking to new highs, Silver has underperformed but has rallied alongside the yellow metal. Now we are at a critical stage that can see silver breakout of its flag and continue it's bull trend. The indicator that I love to look for longer-duration breakouts is the slow stochastics, specifically, when it...
Silver Future Weekly chart forming Ascending Triangle Pattern waiting for breakout.. it will make new high so buy silverbees to invest buy every dip..
#Silver priced in #Gold. False breakdown or simple retest? We will find out soon enough...
There is a possibility of further upside. It will renew the new high.
Looking for a small break out of recent trading ranges and start of a move down.
There is a possibility of a decline after a short-term rise. The drop will be four and will bottom a smaller four-wave previously and rise by five.
Silverm not going to stop any resistance. 74000 is psychological target . So follow the level and stay tuned in up direction.
silver Elliot wave setup shared , wave count with possibilities of wave 5 materialization.
Introduction: In the nuanced world of options trading, the Iron Condor strategy stands out as a sophisticated yet accessible approach, especially suited for markets that exhibit a balanced demeanor. This strategy, belonging to the "Options Blueprint Series," is designed for traders who seek to harness the potential of stable markets. Iron Condors offer a way to...
Silver may be coming in for a pullback. It traded it's first longer time frame bear fib on Friday afternoon, selling off in the last 4 hours of the session. Silver has been considerably weaker than gold, so should the sell off continue, expect to see sliver trading it's HWB long at the 50-61.8% line. In terms of Elliot Wave, there is a wave count starting at the...
No doubt, it has took years to complete. Yet could took more in wait! We shall be seeing the silver to new highs very soon...
I dont usual trade 30m but testing this trade on the 30 HTF looking bearish with bearish orderflow
You can trade any side breakout with proper SL n Target...
Huge selloff of Silver in the early market hours prior to FOMC Meeting Minutes release Price action hit confirmed demand zone Also confirmed by timing on DXY in Supply Zone/Strong Resistance Commodities in general have been becoming more expensive generally(Check Commodity Indices like CRB)
2.19.24 In this video I was trying to make a decision with regard to direction for the dxy which affects silver if one goes up the other goes down.... and I was trying to make a decision as to whether or not I would stay in a long position in oil if my trade was profitable already where would I just get out of a long position in oil. since it's close to midnight...
With an understanding that the price is within the resistance zone around 23.5, there is a likelihood of a correction occurring before the price moves higher. After reaching the highest resistance level at 23.70, there is potential for short-selling, with a swing zone between 22.5 and 23.1. Following that, the price may reach support at a strong level around...
Silver pulled back to the resistance level following the double bottom. If the market fails to break through the resistance and fibo inversion levels, we can sell from the kill zone. We anticipate a short-term pullback since the market overall is in the consolidation zone. ------------------- Share your opinion in the comments and support the idea with like....