SILVER trade ideas
Silver - Hourly/4 HourlySilver is setting up nicely to either Break out of the resistance trendline.
It can either breakout of the downward sloping trendline which might take it to the previous high or it may take resistance and come down to the support line!
Keep your eyes open and lets see how the price action unfolds here
Possible Elliott wave structure of SILVER (now down then up)Hello Friends
Here we had shared possible Elliott wave counts of SILVER international chart on daily time frame, which are clearly suggesting us that currently we are in some ending phase of correction, which might be finish any time so now selling is not suggested but buying on dips only. I repeat, buy on Dips only is suggested as per Elliott wave structures, whole scenario is explained in current post as a video, please go through out and gain the knowledge.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
silver spot or mcx crucil update blwon daily chart made double bottom pattern silver spot 22$ now tradeing hold abv 23.25$ thna will see 23.65--24$ thna after 25$ soon.. where mcx sustainabv 71865 eveng time thma will see ove 72300++ or if break 72360 thna may be 73-73300++++++ soon more update with buy sell stya tuned with us--- yes looks big game on chart
Silver _ Long with stop loss of 22.246 4h chart
Pure price action trading. Refer to 4H chart of Silver. Previous high of previous swing in 4H Chart marked by Red Diamond and Blue Line. Wait to check this candle to close and next candle to stay above it.
Please refer to my previous analysis on Silver.
Silver - Time to Buy
Help on Execution
Now at the micro level of 1H, Green line at the bottom is same trend line as we drew in 5H chart. Price is out of the triangle marked by red hypotenuses. Remember, at the weekly chart, we discussed that the time left is 4 days. Now this time is crucial to note because this time will enable to bring SMAs, EMAs in iH chart or charts of smaller time frame to come in order.
At present, in iH chart, SMAs are in opposite direction, i.e 200 in above price and others are below that.
Its just a matter of time that after a count of certain candles the SMAs will be reversed and price is going to shut.
Please refer to my other posts on Silver as well Which I will try to attach.
Happy to share. Together we grow.
Time to Buy Silver.
Silver stuck up at the bottom in red ascending triangle making ABC Pattern in weekly chart ABC
waves are marked by various highlighted points. Green line above is working as resistance. Further, there are two black lines marked between 22.574 and 23.800. This is the range in which the price is stuck up right now.
Let us drill down to lower time frame chart.
Silver- Getting ready to Break out
Silver Started its Super Wave at 22.090 as is marked with vertical Pink line and now retraced back to 22.608 Level. A green Triangle is formed and the Hypotenuses on the right side creating resistance. Buy, only when price comes out of this triangle.
Last Friday, in the hourly chart, it touched 100, 50, 20 & 8 SMA. Wait for the price to cross 200 SMA. In terms of INR 70225 is the crucial level. Major support at 68644
The Author uses GANN, Fibonacci and Wave Analysis along with his own unique indicator which makes analysis very easy for Investment, Swing Trades and intraday as well.
For execution: please use William % R, SMAs or EMAS
Disclaimer: Author is not a registered Analyst with any of the National/International Regulatory Authority. This content has been created solely for educational purpose. Please consult your Financial Advisor before making any decision. Author is not responsible for any of your profits or losses.+
Happy to share. Let's grow together.
Silver - Stay long till crucial level of 22.624
Silver looks good so long it does not break 22.678, Crucial Daily Level. The Author is not a registered Analyst with any Regulatory Authority. It is only for educational purpose.
Author applies Gann, Wave and Fibonacci alongwith own customized leading indicator. It is only for educational purpose.
Happy to share.
Long XAG/USDXAG/USD Is approaching a very strong pivot level. This level has been tested several times in the past and as we can see on the chart it has been acting as support and resistance both. With the silver having a very sharp fall it is very likely that this level will act as a support, and there can be mean reversion after the extended fall that we have seen in the commodity.