Si1! (Silver Futures)
Silver Prices Rising Towards Ascending Triangle ResistanceSilver prices are holding with their multi-month ascending triangle, remaining on track for a return to its yearly high at 30.1365. If accomplished, this would also constitute a potential longer-term bullish breakout, more evidence that a significant bottom has been carved out; the 2011 highs would need to be brought into consideration thereafter.
weekly chart say : if high break break high mean trend break ,this mean new + trend will start so put buystop on high (wait 10 week) is good idea ,red arrow= target (save in your mind), most important target place =fibo 61% 35$(only here have 100% profit sellimit )
where is silver max target = pro fund,bank,broker target is 70$ (fibo 161% left fibo) can reach 70$ in next 8-12month
so still we advice looking for buy in low,buystop on high only,dont pick sell signals
note=if silver break last low 24$ mean down trend start,can go to 21$
stratgy break trend for silver and gold =d gold,silver are super trendy , so must try inter trend(never open reverse pos)raw weekly,daily.... clean ,important 15 min trend lines(not kanal) when silver price break it to upside ,dont fear inter buy(or buystop on 15min candel high) hold min 3 day sl=last clear low in 15min chart TP=min 3*SL
if you practice you must eat 40 SL 60TP (frist day you can eat more,with practice you can change winrate
good luck
as we predicted ,silver reach 27.50 + my stratgy from 2015 in coming days trend still is + but we must see big zigzag under upper trend line ,if silver can break it 99% will see our new target =34$
we are going to buylimit near 26.60 still we advice dont pick sell signals,looking for buy in low and hold it 7-8 day to reach near high
on daily chart AC accelator occilator is green now,this mean buyer comming , in 1hour chart when you see AC is red,down,full you can buy too
my stratgy on gold and silver = AC on daily chart = green + AC in 1hour chart = full red down(want turn green = buystop on 15min chart last clear high (or candel high) (SL=5-6 pip below last clear low ... TP=3*SL or fibo raytrace 161%)
note=this stratgy need min 1 month practice on demo ,if you do it like robot in 100 pos you must eat 50SL and 50TP (but tp=3*sl mean big profit)
if you find my stratgy good please push CHEAR on my profile and send min 50$(5000coin) i will send you its metatrader indicators,template + stratgy secrets and more detail (i write its robot too price=500$)
main trend is + to 33$despite silver break trend but i predict it is fake down move and silver will go up,soon or late it must touch 33$ !!!!
if silver break high can fly up ,if can break low can little go down (good for buy in low and hold it 7-8 day)
green arrow = powerfull buylimit place you must put with sl=400
becouse trend is + looking for buy(buyer pressure will high) is true way ,dont allow 3-4 red candel force you sell against trend
in comming week gold and silver will go up with zigzag , even if go down ,will back to up , but if you buy in deep ,100% put SL
keep monitor AC accelator occilator and stochastic 5.3.3 in 60min and daily chart , on daily chart show + trend comming , when AC daily is green=looking for buy in 15min chart
be sure buyer target=27.50silver not touch its target =27.5 , so + trend will continue , today U.S home sell good news push gold,silver down(currection)
green arrow on chart = powerfull buy limit place but 100% put sl=400 (0.40$)
strongly advice = dont allow 3-4 red candel force you open sell ,main trend is very + , stand on buy side and dont fear looking for buy in deep(or buystop on 1hour high) to close on 27.50 or above
technical say = after currection, silver and gold will fly up
very powerful buylimit place above 26.1802 other powerfull buy limit place = green arrow sl=400
be sure in rest of 2021 trend is + ,so looking for buy only
100% put SL in low ,break 1hour last low can start new down trend
keep monitor fibo 161% in left , AC accelator and Stoch 5.3.3 in daily and 1 hour chart.... , our target 1 is 27.50 then can 30% go down(currection) then fly up to 31$ (target 2)
where is silver final target on weekly chart = fibo 161% show silver will see 70$ in next 10-12 month
🥈 Hecla Minning: HL set up for upburstHi mates NYSE:HL is perfect setup for long in rectangle pattern
here is data for my trade:
------------------------Trade setup ---------------------------
Entry: 5.93
Stop Loss: 5.64
Profit target: 7.02
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us10 year yield dont allow silver grow to fibo 61%gwe belive even silver break redline trend , not mean down, sell , we will stand buy side on Ema200 daily we will buy
note=big banks,broker can push silver down (fake) to new trader inter sell , then fly up
green arrow=our order place
until 27.50= for next days put buystop on 15min chart high (sl in low) is clever stratgy
good luck
USDRUB 4H (temporary uptrend)Same as EURUSD
The current uptrend is the continuation of wave (B) of (ABC), whereby wave B is rather complicated consisting of (wxy). Further on the pair will go down one more time to 73 prior to the major depreciation of the rubble.
So in general, the Russian rubble is not ready to devalue at this time and will start depreciation together with the major correction on all the markets which I presume to start at the end of May-June 2021 and will last till October 2021
May 2021 - Silver - 17.03.2021Are Silver forming a corrective pattern?
1. Fundamentals
Market seems to wait news comes from FED's meeting.
But, ETF's holding Silver as well as disappointing US Reading (i.e: US industrial production/capacity utilization); i think, US dollar will be lower and it pushes silver higher.
2. Technical.
Silver are currently in corrective pattern as i draw in my pic.
25.45 - 25.70 is a support zone. I think, this is a potential reverse. Traders could wait actions happen in this zone.
In my opinion, i think, silver will climb higher and reach 27.05 in coming days.
UPD on SilverMarkets are still closed, yet Silver futures are up +10% so far. $XAUXAG, $SLV, $SIL, $SILJ
Do you believe that all RH type retailers are having futures accounts and buying contracts?
Well, probably not.
The price increase are brokers who are hedging the spot market, bullion banks that are building short positions and miners that locking prices.
Silver is not a penny stock to "go to the moon" in a day. As I said it's already up +10%. This is huge for
the silver market.
There is not possible way for bullion banks to lose control on the derivatives side, because they simply can print as
many contracts as they like through their unlimited access to liquidity. We are talking about JP Morgan et al here. The only
way they can "lose" is though physical sales, that is coins and bars from dealers who have contracts that stand to deliver. If demand in physical increases, dealers will order more pushing hedgers to their limits, as bullion banks are historically always short the market.
There will be huge gaps today in everything related to silver and miners: SLV, SIL, SILJ. When market opens, possibly
the "silver squeeze" army will dive into calls to push the price up. Probs that silver will move meaningfully higher are few, but who knows? Never say never. I wish all my assumptions are wrong and goes to the moon. The purpose of this note is to make you think, use tight stop losses and be on alert that silver maybe will dive along with indices in case of a credit event. With VIX elevated and US High Yield CCC at the bottom demand zone as I've posted, we are probably due for a credit event near soon as liquidity dries.
The Silver / Gold ratio I've posted reached supply (resistance) zone already.
Silver's monthly chart is entering into supply zone a bit higher and it's right now at the NL of a giant IH&S with Price Objective around $49.50. Do you think that this area will be cleared that easy because of a retailers' like us short squeeze when hedgers are only -73K contracts short as per latest CFTC report and silver's sentiment index is entering optimistic area? Probably not again. Usually, moves like this, take place when sentiment is pessimistic and stops are taken for breakfast.
Price is already into supply zone of the quarterly time frame
Regarding miners and the watching list I've posted late December, for those who took any trade, I'll sell 50% into strength today, tight my SL's and trail the rest, pending today's Price Action. Silver looks like it's reaching the middle of the daily cycle and maybe will start correction either in price or time, especially if dollar clears 91.20, the NL area of the IH&S in the daily.
www.tradingview.com
Again, I wish I'm wrong and all goes well. Hourly chart looks constructive so far working on a bull flag.
Take care guys,
Markets will always be there
Cheers, all the best
P.