the price has been forming lower highs since the last 2 swings and has respected the trend line with a doubble top. Could be a good shorting opportunity.
Silver Hourly chart forming a diamond pattern nested inside a widening wedge
Silver is side ways expecting movement in coming 2 month by breakout from current resistance line .
#Silver may be completing wave (iv) as a shallow correction at 24.02 and beginning to decline in wave (v) The outlook is #bearish while the recent peak holds."
Silver prints corrective pullback around three-week low, bouncing off 78.6% Fibonacci retracement (Fibo.) of December 15 to January 20 upside. It’s worth noting, however, that the MACD remains bearish and the RSI is off the oversold territory while silver prices keep a downside break of a seven-week-old ascending trend line. As a result, XAGUSD bears remain...
I see C is not yet complete, if this is true, projection for D is not required as target will reach in C itself.
A Long ABC of C wave with 3rd wave formation. whats ur opinion
if SL is broken , count is wrong. C take minimum time to achieve target, then higher high is possible.
This is Internal structure of higher timeframe wave C given over my prev related idea. if SL is hit before Jan month end, Lower low is possible. Count restructure required.
🟢 #RSIStairs approaching 55 🟢 BreakOut above 45 day high 🟢 BreakOut above ST (10,2) 🟢 #PVBreakOut in 2 day scale 🟠 SL = 22.77 TGT: 24.7/25.3
key points to Add Silver in our Portfolio : - Major DMA crossover on Weekly Timeframe - Flag and Pole pattern on Weekly and Daily TF - Major consolidation and breakout is expected to come in couple of weeks, Early Birds will be Benefitted. - Multi year Breakout is seen on charts. - Positive Divergence on RSI Indicators and couple of Indicators were Turned...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (23.56). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAGUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
We can go short on silver from this level. 68 fib Round number
Silver is in the news and remains in the know. The upmove yesterday confirms the strong interest in this space and thus continue to favour the upside. As part of the wave we have the truncated wave 5 and the beginning of next impulse to the upside. Within this impulse we completed wave two and yesterdays break start of wave three should try 25 plus area. Suggest...
Silver long buy Target: 25.4 Take support and gaining
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. The wave count performed for the silver weekly time creates several movement scenarios, but in all of these scenarios an upward movement the size of wave (1) is confirmed in the current analysis. In the current...
After the H&S of last year, Silver has been bearish. It has yet to touch the target price of $19, which looks like a certainty now.
Short if level breaks till 19.59 Also have a look on shooting USDINR it will make more red in gold and silver.