Silver is almost finishing up with the formation of right shoulder and at the same time looks all set to break out from the triangular pattern.
Silver right now in consolidation phase and at strong support zone important levels r marked on the chart . Right now we can buy for $29 and $32 in short term if price remain above 200 day EMA (Can be use as SL) . Expecting Pull back from the current level as we have already seen demand in past at current level .
SILVER taking support around $25.8 .... likely to remain range bound for a short period of time ...!!
Silver forming wyckoff distribution pattern , imo it completed phase A and B , to start phase C it needs to toch or break previous support line . I use fib time zone to place the phase C ,D region . In other case if phase C already started , it breaks previous resistent and fall down.
Midterm forecast: While the price is above the support of 23.75, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The symmetrical triangle is taking shape, and as a continuation pattern suggests, we...
Midterm forecast: While the price is above the support 23.75, a resumption of the uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The symmetrical triangle is taking shape. As a continuation pattern suggests, we will...
Hello guys i had find this quick trade in h timeframe which is on double top and broken structure in lower timeframe we have a good opportunity of selling from here with sl at above resistant and tg at support which i had mention also do your own analysis before taking any position if you like my analysis plzz like share and follow thank you
Midterm forecast: 25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 25.75 is broken. Technical analysis: While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 28.55 on 06/ 01 /2021, so...
As we can see, SILVER has been showing growth since March. 5 times he tried to break through the $ 28 resistance level, but to no avail, there were only false breakouts. Now the price has approached the resistance level again and is trying to test it. If the price breaks through the resistance level and consolidates, then growth is possible. If again there is a...