silver update and long setupsilver has reached the fib zone and our golden zone looking price need to make a pullback and we have two fair value zone 69000 and 68300
go long based on higher high and higher low formation
SV1! trade ideas
SILVER DECEMBER FUTUREA "Bullish Channel" and "Bullish Price Action" are related concepts in technical analysis that both indicate positive market sentiment and an upward trend. Here's an explanation of each:
Bullish Channel :
A Bullish Channel is a technical chart pattern that represents an upward price trend with clear boundaries or channel lines. It typically consists of two parallel trendlines, one acting as support and the other as resistance. Here's what characterizes a Bullish Channel:
Support and Resistance : The lower trendline acts as support, and the upper trendline acts as resistance. The price tends to bounce between these two lines, creating a channel.
Uptrend : A Bullish Channel forms within the context of an existing uptrend, indicating a period of consolidation or a pause in the upward movement.
Continuation Pattern : It is considered a continuation pattern, meaning that it often suggests the prevailing bullish trend will continue after the channel pattern.
Trading Strategy : Traders may look for buying opportunities when the price approaches the lower trendline (support) and selling opportunities when it approaches the upper trendline (resistance).
Bullish Price Action:
Bullish price action refers to a series of price movements and patterns on a price chart that indicate a positive or bullish market sentiment. It can be observed in various ways, such as higher highs, higher lows, bullish candlestick patterns, and other positive signals. Here are some key aspects of Bullish Price Action:
Higher Highs and Higher Lows: In an uptrend, you typically see successive price highs that are higher than the previous highs, and price lows that are higher than the previous lows.
Bullish Candlestick Patterns: Look for patterns like engulfing candles, hammers, or morning stars, which suggest buying interest.
Positive Volume: Increasing trading volume during price rises can confirm bullish price action.
Breakouts: Bullish breakouts from consolidation patterns or resistance levels often indicate an upcoming bullish move.
Fundamental Factors : Positive news, strong earnings reports, and other fundamental factors can influence bullish price action.
In summary, a Bullish Channel is a specific chart pattern that occurs within an existing uptrend and signifies a potential continuation of that trend. Bullish Price Action, on the other hand, is a broader concept that encompasses various signals and patterns that suggest a positive market sentiment, which may or may not be associated with a channel pattern. Both concepts are important for traders and investors in assessing market conditions and making informed decisions
silver fresh level and exisiting pos updatethose who went long from 66k-68k in silver gained almost 2000-2200 pts
i think it will be wise to book profit and wait for new level
the fresh buying level for silver will be 68400
let the price make a pullback after such good impluse movement
follow the price on the basis of lower low and lower high
look when it reaches 68400 zone wait for price to form higher high higher low
as a signal for going long
the current ornage and yellow levels are based on fib levels retracement
look to buy near fva zone
gold silver buy gvn rockeddddd hope u ejoyedddd buy gvn 58220 or silver 70200 abv hit all tgt 59000 or 71000++++++++ minted moneyyyyyyyy-- now who stuck wrong side tell here dontmiss lvl trade with lvl stya here with us
silver crucial update blwsilver mcx sustain abv 69250 may be hot 69890--70200++++++++ buy silver dips on sl 68500 blw
looking zoom spot abv 22$ till 22.25--22.60++++++
Silver Future Technical AnalysisHi Traders,
It's Silver Future Chart with important Resistance and Supports.
Keep the levels in mind while stand any positions.
Silver view 20.15$As silver is in triangle so it should come down to 20.15 before moving up...If triangle is broken then it may come down further to 19$...this view is for 2-3 weeks
silver spot or mcx monthly chart analysis-----blwsilver spot eyes on 21.50$ if stya abv or close abv thna expect up side 21.90--22.20+++++ or if support broken 22.70 or close blw thna will see 19.80-19--18++++ no if and but-- range 20.70-21.50$---------- mcx monthly chart hurdel 69300@ if hold blw thna nxt dwn side 65700-64800--63780++++ soon-- only abv 69300 sustain or close abv thna mkt up side only 71000+++
silver spot update also mcxeyes on 21.35$ if stay abv thna expect up side 21.50-21.70$ in mcx 68000 abv looks some dedcta bounce till 68500+++++++ where if if hold blw gvn hurdel than mkt dwn possible again let see adp data
Silver Micro - Swing Trade IdeaHI All - good opportunity to go long for Silver/ Silver Micro for Swing trade.
Timeframe - 1h
Key Highlights:
1. Bouncing off support zone
2. Taking support at good volume
3. Good risk and reward
biy silver dips on 72350--300 tgt looks 72600-800++biy silver dips on 72350--300 tgt looks 72600-800++ yes buy on dips skeep tight sl 71800 looking sjpr tcovring
It's just a techniquecal pull backI don't know🤷♀ why people are hurry to buy
There's no sign of fresh buying
Only shorts are covered with profit
Only risky trader's buy @ below yesterday low as a stoploss
But it's far away
📉 Alert! Bullish Pattern Spotted! 📉 Alert! Bullish Pattern Spotted!
📊 Pattern: Symmetric triangle
📌 Symbol/Asset: Silver (MCX)
🔍 Description: Stock is making symmetric triangle pattern and now prices around support of the pattern.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
silver could fall 3-4% ?? The Gap up of 30th aug was not Bullish case in the price
gap just grabed all the pending liqduidity from old order block (from 20 and 27 july)
due to gap up price face hard selling liquidity and buyer liquidity made a stretch of (15 or more than !%) which created the imbalance
with all this conditions it is clear that price will be dropping lower to find more buyer liqudity
the red arrow highlighting the buyer liqudity lvls
for long entry only from 70600 - 70400 & main point of interest will be 70,000 - 69350
Selling Silver below 72025Below 72025 breakout, Selling silver for targets of 71000 and 70472 for the longer-term and 71064 as an immediate target.
On rejection of immediate support, 72154-150 and the price is rallying up then an alternative short is on rejection of 72750 as resistance.
silver spot or mcx gold silver interday update- buy silver mini 72000--71800 sl 71500 tgt hold if trade abv 72400 thna will more update-- spot silver stya abv 23.10 buy on dipss with sl 22.85 tgt 23.40+++++++ trade wiyth lvl or sl dont stuck wrong side -- gold stya abv 58550 looks dedcta bounce 58670-720 buy on dips with low sl
inetrday- sell silver 73100--blw tgt looks 72700-450+++ inetrday--sell silver 73100--blw tgt looks 72700-450+++ keep tight sl 73359 yes looks blw 72900 shar dwn side fall or blw 23.40 sustain looks 23.30--23.10
Can $MCX:SILVERM2! Test 72000 Level before End of this Year ?Dear Followers
I have identified a potentially lucrative opportunity in the MCX:SILVERM2! silver market. My analysis suggests that silver prices could experience a significant downturn in the coming weeks. This could offer an excellent short selling opportunity for those looking to capitalize on potential price declines.
📊 Key Factors:
Recent Overbought Conditions: Silver has seen a notable surge in recent weeks, leading to overbought conditions. Historical patterns indicate that such spikes are often followed by corrective pullbacks.
Technical Signals: technical analysis indicates the possibility of a trend reversal Near 77900-78100 Level , with key resistance levels showing signs of holding.
Strategy:
Sell MCX:SILVERM2! Near 78000 Level Stop Loss 79200, Target 75000, 73000, 72000
Time Frame 30-45 Days
Investment required= 48000
Maximum Loss = 6000
Profit Upto = 30000
Best Regards,
Ajay Metha
silver long guys this is a silver long opportunity as you can see the technical analysis and again always do your analysis
SILVER MCX LEVELS FROM UPCOMING SESSION 18-09-2023Gann Box and Gann Fan is Working perfectly on Levels of Silver MCX...
Now again expecting some downside move and then Up
:)
SILVERMIC1!SIlver is taken suport at daily trendline ,so one can initiate long position by putting SL of 70230.
safe traders can buy silver ETF.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Head & Shoulder and Peanut Pattern
📌 Symbol/Asset: Silver (MCX)
🔍 Description: Silver given breakout of Head & Shoulder and after breakout its in a consolidation and forming Peanut pattern.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
