Silver / U.S. Dollar XAGUSD

D1: - Tendency: Downward - Tested support daily and move up - Candle: bullish outside bar --> Pullback

advanced pattern trade set-up on silver ...bullish bat pattern for buy opportunity..

Ok so commodities have be smashed across the board as the dollar powers on . But change has to come , and i believe that will be September onwards . Silver is a buy imo and we could see the dollar begin to decline, even if this make a correction just for a few months its great R to R .

Midterm forecast: While the price is above the support 13.60, beginning of uptrend is expected. We make sure when the resistance at 15.60 breaks. If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (14.650 to 14.400). We wait ...

XAGUSD H4: - Structure: Downtrend - Tendency: sideway - Triangle pattern --> Waiting breakout Prior analysis https://www.tradingview.com/chart/XAGUSD/ciFyN5lw-XAGUSD-View-for-next-week/

D1: - Tendency: Strong downward - Broken support and below support - Tested resistance--> Given bearish outside bar --> Sell

H4: - Structure: Downtrend - Tendency: Strong downward - Broken support and closed below - The present: Pullback--> Test resistance --> Waiting signal--> Sell

Silver W1: - The market is sideway - Triangle pattern - The price broken bounding, however it is weakness. https://www.tradingview.com/x/0FCToySl/ D1: - Tendency: Strong downward - The price is below resistance --> Waiting pullback--> Give signal--> Sell https://www.tradingview.com/x/tXG47e12/ H4: https://www.tradingview.com/x/Z9rH39FD/

Looking like a build up of orders waiting to get filled into the market for Silver at around the 16.00 area. Although this would most likely be for the short term as sellers look to be waiting at around the 17.20 area keeping price contained within the channel.

price is making a triangular pendent. Im currently waiting for a break then going to enter depending on the outcome.

Has reached peak after a rapid ascend has started dropping again in bearish trend first tp 16.473 and sl 16.645

long off daily support level

XAGUSD I spotted the AB=CD correction pattern on the Silver chart and built out this idea around it. I will post some more images in the comments which give more context, but essentially it seems that we are about to being wave 3 of 3 (a powerful impulse wave) in a bullish wave cycle. This wave cycle seems to be moving away from a long-term low, so could end up ...

Just a quick note with Silver, monthly chart. As with Gold, we have the same rounded bottom formation. We also have a break of a longterm down trendline, which is now acting as support. We should at least expect a test of the 18-19 area. However, 19 presents potent resistance. Breaking and closing above 19 on a monthly basis could shift the whole structure, and ...

Near the end of daily chart consolidation. 4h offers repeatedly lifted with firms bids around 16.8. Likely to break out soon on the upside, resuming long-term daily trend.

Long setup for silver with negative news being released earlier today can see the pair break the .618 resistance. Once/if it does expect it too shoot up. Rising wedge put in with all the higher lows, will wait for break and possibly add to position.

After a nice impulsive move down, it is now correcting itself before another possible impulsive move down. To get involved with this trade I am looking for a correction to the 61.8 Fib level. This level would also now be a new resistance area from a previous support where price consolidated at, before the big impulsive move. If Silver does what I'm hopeful of, ...

Watch for the Breakout Disclaimer: This is my trading opinion; it is neither recommendation nor invitation to trade.