SILVER SALE!Hello traders, don't miss the sale!
Silver for 21.335 will be available in the near future!
Bear Flag
SL 23.200 <--- Open 22.635 ---> TP 21.235
Silvershort
XAGUSD I Overextended "W" formation Welcome back! Let me know your thoughts in the comments!
** XAGUSD Analysis - Listen to video!
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SILVER SIGNAL FOR LONDON OR NEW YORKWaiting and see if price can reach the blue area but be careful this set up is only valid if it happens during London or New york session
SILVER (XAGUSD): Bearish Pattern Explained 🪙
Silver formed a huge head and shoulders pattern, both on 12H/Daily time frames,
The neckline is broken and the market closed below that.
I believe that it may push the market lower.
Next support 22.75
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Silver is shorted today
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 to confirm that the silver price will fall further to the next short target of US223.00/ounce.
Stochastic indicators are currently showing bearish signals, and silver prices will show more bearish possibilities in the coming trading days.
It should be noted that if the silver price breaks through US224.15/ounce, this will push the important resistance level of the silver price to US224.60/ounce, and then try to fall again.
Today's silver price will be between the support level of USD23.50/ounce and the resistance level of USD24.30/ounce.
Silver strategy:
SILVER: sell @23 tp:24.3
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Silver shorting
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.
SILVER (XAG) - Bearish SETUPHi 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 .
Potential Double Top Forming on SI Daily ChartSilver touching major resistance area and potentially forming a double top if it can't break above 26.50.
I also noticed a double bottom that's playing out on the 15 minute chart that I missed while being away.
Could go either way, but I think fundamentals support bulls.
Bull Silver24.90 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.
Double Top Silver?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?
Silver Pulling BackNot 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.
2nd Chance Pullback - SI Bullish RSI DivergenceI'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.
Silver Bullish RSI Divergence 4H ChartI'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?
SILVER - XAG - Why I m BEARISH - FULL SETUPSilver 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 that interest will soon decrease if the price does not have a serious correction.
I saw the first step on Friday when it rejected the support on the Weekly chart and fell quite nicely, but I have a SELL order above which is safer and could produce a nice profit.
Silver... About to UnwindSilver and gold tend to move in tandem so this is not breaking new ground. See my post on Gold... link below
This is a monthly linear chart. Keep that in mind. The proposed move will take some time for momentum to develop.
As labeled on the chart I am expecting a 3rd wave down of "C" to commence soon. Commensurate with gold.
Price pattern is strikingly similar to the 1970's-'80s advance and unwind...
A move over $30.5 will break the short trade.
See Blue chart below for my projected target price..... 618 fib of wave A. Roughly $8.5.
Silver looks bearish on the 4 hr!A combination of silver on the brink of breaking below its tight uptrend channel and a strong textbook bearish divergence in play.
Silver/XAGUSD end of session updateSilver prices shows positive trades now in attempt to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for today, which targets testing 25.30 as a next station.
Therefore, no change to the positive scenario that depends on the price stability above 24.90, as breaking it will force the price to turn to decline and head towards 24.05 before any new positive attempt.
Silver short (NEW)We have identified a rising wedge. We expect the price to hit the previous resistance but expect it to be reject and drop-down back to the previous support levels.
We also noticed the bearish cross-over on the MACD-line and bearish divergences.
Short on the 4h timeframe -
Entry price 24.54
Exit price 23.275
Stop loss at 24.8
Risk reward ratio: 4.87
SILVER (XAGUSD): 3 Important Resistances to Watch 🪙
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.
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SILVER - MEGA SHORTSILVER grew forced by the lost trust in BANKS, so that precious metals rose in front of GOLD, but once the banking market calms down, a price correction follows that will bring down the price of metals.
In addition, a rising wedge has formed on the 4h chart that can be broken at any moment. So we have the possibility to make a nice profit taking into account the very small risk.
SILVER (XAGUSD) Detailed Analysis & Trading Plan 🪙
Daily/4h time frames analysis on Silver.
Price action analysis.
Key levels & candlestick analysis.
Trading recommendations.
Thoughts.
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silver dropped as predicted.as we predicted in the earlier video, silver did plummet and we booked in really nice profit. now we are trying to trade back into the range
