SI! Silver wave impulseattempting 5 wave pattern. feedback appreciated.
i guess at this point i guess we'll see it began to consolidate lower closer to $23
Silveranalysis
SILVER- Ready to Buy the Incoming dipSILVER and Gold..safe havens, in an unsafe world. At the same time a semiconductor needed for technology.
This is our updated chart. We see flights incoming but a correction first (now)
One Love,
the FXPROFESSOR
Silver can drop from here heavy Reason for Drop is silver at right now un-test Daily supply, also EQL is below which is swing target
Silver: medium to short-term overviewMost likely, silver is building a combination corrective wave that ended the first part of it as wave (W) and is currently in the second part of it, the (X)-wave
As long as prices remain below 25.50, silver is likely to target levels of 20.80 to 18.70
SILVER (XAGUSD) Top-Down Analysis & Your Trading Plan🥈
Daily/1h time frame analysis on Silver.
Bearish bias explained.
Trading recommendations given.
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SI!Attempting 5 wave impulse.
The idea is that silver is severely undervalued. Given its current utility need, it should be higher.
Silver: Into the Green 🌱 🌿Silver needs to relax a bit and as its last foray into the green was too short to enjoy, it has treated itself with another trip. We expect silver to extend the stay until the upper edge of the green zone between $23.69 and $24.43, where it should finish wave 2 in green. Then, it should turn around and leave the green zone to go down below the support at $21.94 and afterwards even further below $21.41.
Still, there is a 38% chance that silver could surmount the green zone and rise above the resistance at $24.75. If it makes it even above $25.49 afterwards, it should continue the ascent.
SILVER (XAGUSD) Key Levels to Watch 🥈
Hey traders,
Here are the key levels for you to watch on Silver.
The closest demand zone from where I am looking for buying opportunities is 21.3 - 22.0 area.
Let the price reach that first and then look for a confirmation to catch a pullback trade.
The closest strong resistance is based on a major falling trend line.
Let the price test that and look for a confirmation to sell following the trend.
In case of a bullish breakout of a trend line, the next resistance to watch will be 25.2 - 25.4 supply area.
Being structure traders key levels give us the safest points to trade from.
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silver Silver ( XAGUSD ) is still in the sideways move since mid-2021 ,Silver is trying hard every time to penetrate the resistance levels especially the 50 EMA line
Today the Silver (XAGUSD) is trying to close above the 50 EMA line for the first time in February . if the Silver ( XAGUSD ) can close above the 23.08 level it will be a buy signal and the next resistance levels will be 23.6 and 24.44 which is the main short term resistance level (200MA blue line).
SILVER top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
SILVER (XAGUSD) | The best place to buy🎯Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the count we had at higher times, we came to the conclusion that we will have an upward trend.
This trend may be for wave 3 from the lead or for wave c from the correction.
At this time, a wave has formed in a leading form, which we have labeled as the main wave 1, and now we doubt the beginning of wave 3 or still within the correction process for wave 2.
For this purpose, we considered several ranges. The first range is the breaking of the canal roof (green circle), which is a confirmation for the beginning of wave 3 and the ascending trend.
The next price range will be 21,000, which will be a downtrend if this range is completely broken.
In the next analysis, we will specify in more detail what the ascending and descending scenario is like.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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SILVER - XAGUSD - LONG SETUPWe're looking for the LONG in Silver.
Market has retraced to the 382 of the whole swing from Mar 2020 - present.
It has also retraced 50 of swing higher from December 2021 - present.
It has knocked on the door of a trend line connecting tops from May 2021-present.
Currently market has come back to retest the breakout are from which it went higher.
From here we're are looking for a LONG entry.
Target would be the ABCD pattern taking us to 26.400
Long silverLong Silver @60500
SL will be below 58100
58200 is the last support for the Silver and we will see the reversal from that point if it comes , else hodl
MarketBreakdown | EURUSD, USDCAD, GBPCHF, SILVER
Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ EURUSD - 3 days time frame 🇪🇺🇺🇸
Even though last week was very bullish for EURUSD,
we should remember that the pair is still trading in a long-term bearish trend.
After setting a lower low last week the pair perfectly retraced to a major horizontal zone of supply based on the historical structure.
For now, the underlined zone looks respected.
I expect a further decline from that.
2️⃣ USDCAD - 12H time frame 🇺🇸🇨🇦
For the last two weeks, the pair is consolidating.
The price is trading within a narrow trading range.
1.265 is its support.
1.28 is its resistance.
Wait for a breakout of the range to catch the next move
or consider intraday trading within the boundaries of the range selling the resistance and buying the support.
3️⃣ GBPCHF - Weekly time frame 🇬🇧🇨🇭
GBPCHF is trading in a bearish trend.
Lower highs are perfectly respecting a major falling trend line.
Last week the price reached that again.
With a high probability, the next bearish move will initiate from there.
Look for confirmation on lower time frames to short.
4️⃣Silver (XAGUSD) - Daily time frame 🪙
It looks like the market is forming a bearish accumulation pattern.
The price keeps setting lower highs respecting the same lows.
Be ready for an occasional breakout attempt of the horizontal support.
Alternatively, a bullish breakout of a falling trend line will be a bullish signal.
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Silver- Good sell from resistanceLast week, after touching 22 support, Silver has started to rise and now is approaching an important resistance zone.
I favor short trades from this resistance for a new visit of support.
A daily close above would negate this scenario
SILVER ANALYSIS (SHORT)Hello PIPPIN PEEPS!!! Seeing that Gold and Silver move in a similar way...I am LOOKING at the NEXT direction TO BE bearish. LETS SEE WHAT HAPPENDS YO YO! SWISH SWISH BOOM CHAKALAKA!
Silver Still bearish Hey guys, This is a follow up to my last silver post against stating the fact in the short-medium term Silver and the overall market travel together. Obviously not to the same percentages but direction, This is why Silver is a great indicator to overall market direction. I still feel Silver will fall to at least the C line before consolidating which would work with the us100 falling again over the next week. If Silver closes below the green line with that bearish candle it will be a quick fall to that Sub $20 mark. These points are also backed by the DXY gaining momentum after its little pullback.
SILVER (XAGUSD) | The best place to buy🎯Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the count we had at higher times, we came to the conclusion that we will have an upward trend.
This trend may be for wave 3 from the lead or for wave c from the correction.
At this time, a wave has formed in a leading form, which we have labeled as the main wave 1, and now we doubt the beginning of wave 3 or still in the correction process for wave 2.
For this purpose, we considered several ranges. The first range is the breaking of the canal roof (red circle), which is a confirmation for the beginning of wave 3 and the ascending trend.
The next price range will be 21000, which is a downtrend if this range is completely broken.
In the next analysis, we will determine more precisely what the ascending and descending scenario is like.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
XAGUSD (SILVER) - Update
XAGUSD is making good higher highs and higher lows (confirming bullish trend). We are expecting bulls to be active again and recent low is a Higher low.
One can take entries from here and sell it to higher side. Trade your levels accordingly
Silver to $5.20 end of Year ( Great Buy Opportunity ) Something is gonna happen that will effect the markets this year , it will flush all long buyers of metals and will create best buy Opportunity !
Not financial Advice
Silver: No Dormancy 🐻 🐻 🐻 Usually, at this time of year, bears would be snuggled up in a cozy cave or den for their annual dormancy. However, at the silver market, they are full of beans and hold onto the price fast.
After agonizing about it for a while, the silver price has finally fallen below the resistance at $23.48. Thus, we consider the downward trend we predicted affirmed. If the bears can keep the price below $23.48, we expect it to go even lower and break through the next marks at $21.94 and $21.41.
Still, there remains a 30% chance that the bulls could interfere and cause a change of direction. If they prevail and bring the price back above $23.48, they could even manage to shove it above the resistance at $25.49.
Bullish alt bat formation in xagusdThe waves in the c-d leg extended beyond 1.414 level after the alt.bat pattern completion. A short retest is going to happen then the Bulls shall target 0.382 & 0.618 levels.
