Silver seems to be completed wave B of the correction and sported wave 1 of C. Silver should accelerate to 23 soon
Silver seems to have completed its wave 4 correction, Wave C (circle) being slightly greater than Wave A (circle). This means Silver should rally to new highs in the near future.
Breakdown of trendline support. Likely heading for 17$ to 18$.
Silver seems to have completed its 5 wave fall and should settle at this level or slightly lower before it moves up from the current levels. We are near the end of wave 4 at a primary degree and should move to new highs if it gets support at these levels
Silver should retest its yesterday lows and may also create a new low. Trade with caution as market is oversold and there may be a sharp reversal.
Currently it is incomplete converging triangle (abcde) and completed combined (wxy) correction. . .
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Silver has broken out of the triangle formation and continues to look weak. a close below 26.5 is necessary to reinforce the trend
Midterm forecast: While the price is above the support 25.65, resumption of uptrend is expected. We make sure when the resistance at 29.85 breaks. If the support at 25.65 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased. While...
Let the price come out of flag pattern for breakout. 238% levels in fibonacci are not available on Tradingview but silver is taking support from that level 25.6 USD. SL should be kept at 25.6 USD. Views are for educational purpose only
trendline trade examplke
Price retesting the previous resistance levels, if closes above the immediate high then it will definitely reaches the next resistance level 35.
Too many posts tracking the triangle breakout - This shows there is only a onesided view, the alternate path Silver can take is given in the red labeling - this could turn out as a A_B_C zigzag before it moves up catching the triangle watchers unaware. Be on the watchout for the alternate path for Silver. At this point traingle is under threat unless it moves up...