Silver may delay its move . Structure confidence is high. Lot of Long Opportunity if Silver close high today or tomorrow. Otherwise probability open for new low again during this week.
No SL -> No Trade.
Silver formed inverted head and shoulders pattern . if we break above 25$ then we will be heading for $28 in short term . if we break below $24 then we will be facing heavy selloff to 20$ in short term .position size should be taken care off .
For more follow me if can of any doubt fell free to connect .
Thank you
Idea(Not Trade call) will go invalid if SL is broken.
Actual directional move will commence only after 26th or 29th. Confidence level is Medium as not big confirmation yet for UP move but only minor level.
This is only analysis or Idea. Not a trade recommendation. Please do your own analysis before you enter.
Silver can give a LRHR positional long trade if manages to close above mentioned levels
Long trades can be initiated with SL of pattern low and today's day high of 24.06 as T1
Silver is bullish in all time frame
about to complete a pullback and formed triangle.
In this counter we should be on a look out to create a fresh long entry for marked target.
Any bullish reversal candle in 15 min tf, should be used to make entry
R:R is a good 1:3
Silver has started its bull run after taking support On trendline. Adx is also showing strong strength . My first target is 24.75, then 25.75.
I am not a professional advisor, please consult your advisor before trading.
Silver closed above 40 ema in daily time frame in trading session of day before yesterday, it automatically confirms that the silver has completed a complex correction recently, now there is a good chance that a major bottom is done.
Silver can possibly make a move towards north direction in the forthcoming trading sessions, as per price we can say towards $24.89...
#Silver has completed 38% retracement in last uptrend. Now trading near a strong demand zone. Looks good to add slowly for #Long term #PortfolioBuilding #Investment purpose. Would add more if further dip comes till 18 odd levels.
Silver seems to have completed a rather long sideways correction to 21.42 levels. A labelled chart is shown. Yesterday's dip was a 5th wave downside thrust from a 4th wave triangle and found support at the earlier low in Sep '20
If yesterdays low holds, we are headed higher. The Risk to Reward on this trade is worth a bet on. Look for new multi year highs if...
TVC
