BRIEFING Week #16 : ObservationHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
Silver
SILVER: Short Signal Explained
SILVER
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell SILVER
Entry Level - 32.561
Sl - 33.271
Tp - 31.314
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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XAGUSD - Retest of Local Top Likely to Precede Deeper CorrectionSilver has staged an impressive recovery from its early April low near $2,830, rallying back toward the key psychological level of $3,300. Currently, price action suggests we'll see a final push higher into the resistance zone highlighted in blue (approximately $3,300-$3,320) before encountering significant selling pressure. This anticipated pullback makes technical sense considering the speed of the recent recovery and the horizontal resistance level at $3,250, which has historically acted as a significant pivot point. Traders should exercise caution as silver approaches this resistance zone, as exhaustion signals may soon emerge after this rapid recovery phase, potentially offering favorable short-entry opportunities once the retest completes.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SILVER – Wave 3 Breakdown Using Elliott Wave Theory3-Day Silver Chart Analysis
We're analyzing the full structure of Wave 3, which itself consists of 5 smaller waves, following the Elliott Wave impulsive pattern:
Impulse Wave Structure (5 Waves):
Wave 1: 5 subwaves (either impulse or leading diagonal)
Wave 2: 3-wave correction
Wave 3: 5 subwaves (impulse)
Wave 4: 3-wave correction
Wave 5: 5 subwaves (can be impulsive or corrective)
Right now, we’re in Wave 5 of Wave 3, and within that, we’re in subwave 1, expecting a subwave 2 correction next.
Trade Plan:
- Watch for the subwave 2 correction to develop
- Once wave C of the correction forms, draw a trendline and enter on the breakout
- Set hard stops below the invalidation level, or under Wave 2 after the breakout
- Take profit levels: 35, 37, 39
Good luck and as always, trade safe!
Take a look at our earlier Silver setups below:
Free Setups
SILVER:
SILVER:
SILVER:
VIP Setups
SILVER:
SILVER:
SILVER:
SILVER:
SILVER 1DA possible scenario for silver on the daily timeframe involves buying from the levels of 30.90-31.00 with further targets at 33.02, 34.8291 and the expected completion of the rounding pattern with a subsequent movement to the zone 40.0251
Everything is clearly depicted on the graph!
Have a good day!
Silver is Again in the Bullish direction due to multiple ZonesSilver H1 Analysis 📈
The pair was rejecting the 31.00$ area.
But after almost many attempts it succeed ,, Closing above the 31 and gave a strong buy move.
If one bearish engulfing candle breaks the zone below . the Buying is no more valid
Now, According to the rule the market will retest the broken zone ( Red zone ) from upside direction and after that it will go up.
The target is based on the first resistance level.
One more thing , the market has trapped the buyers here
It gave a sell more abruptly and buyers without any confirmation entered the buy trades but the market manipulated.
The red zone is very important if markets holds here or make a strong support here we are going to buy otherwise we will wait
SILVER Massive Short! SELL!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 32.515 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 31.382
Safe Stop Loss - 33.187
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
SILVER WILL FALL|SHORT|
✅SILVER has hit a horizontal
Resistance level around 33.13$
And we are already seeing a
Bearish reaction so we will be
Expecting a further move
Down on Monday
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD v DXY in breakout move --- HVF hunt volatility funnelAlways good to measure against the DXY not just the USD value
Not perfect of course as it is mainly the Euro and Yen but still insightful.
Been watching the relationship for a while
currently breaking out to the upside
HVF theory means this should be a violent expansion
Target 1 coming up.
Are US Tariffs Similar To The COVID-19 Global DisruptionThis video is in response to a question asked by one of my followers on TradingView.
He specifically asked if the current US Tariffs create a similar situation to the COVID-19 supply disruptions and how it may result in longer-term market disruptions.
In this video, I try to answer these questions and highlight the differences I see related to what is happening now vs. the COVID-19 shutdown.
It is an interesting question.
I certainly see similarities, but I also see vast differences in terms of how the global markets are attempting to address the US tariff issues.
First, the current tariff issues are somewhat self-inflicted, not something like COVID-19 (unavoidable).
Second, the global central banks acted in concert to present immense liquidity to support a global shutdown with COVID. I don't see that happening right now.
Supply-side disruptions are evident, but we'll see how they play out over the next 60- 90+ days.
Longer-term, I hope these tariff issues are resolved before the global economy moves into a deeper recession. I will state that hard assets are likely to take a hit over the next 60-90+ days across the globe.
Any moderate (think 15 to 35%) slowdown in production, shipping, and consumption across the globe is going to be felt all over the planet. It is not going to be isolated to just one or two areas.
This is the smackdown that I don't believe anyone is really ready for. And that creates the urgency to resolve the tariff issues asap.
Hope this helps.
Get Some.
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SILVER: Strong Bearish Sentiment! Short!
My dear friends,
Today we will analyse SILVER together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 32.430 will confirm the new direction downwards with the target being the next key level of 32.151.and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
SPY/QQQ Plan Your Trade Video For 4-17 : Another BLANK dayToday's BLANK pattern in counter-trend mode is nothing to worry about.
As I research and document these patterns, there are patterns that appear frequently on the Daily price chart and there are others that appear more infrequently.
If I have not already marked these patterns and documented them, they have not appeared anywhere in the 11+ years of the Daily price data I use within the Lookup Engine.
Therefore, these are VERY RARE types of patterns - Extremely infrequent.
I will add that the secondary looking criteria show yesterday and today could be similar to "key top/bottom" types of price rotation. So, I do believe the current price level on the SPY (520-535) could prove to be very critical support/resistance going forward.
Tomorrow is Good Friday (no trading). So if you are going to take any trades today, make sure you remember to plan your exits for TODAY or NEXT WEEK (or later). You will not be able to exit stock/ETF trades tomorrow (sorry).
Gold is moving into a Momentum Rally, and I really want to see how that pattern plays out before the long holiday weekend.
Fingers crossed we see a BIG RALLY again today.
BTCUSD is still rolling into a downward price trend based on my EPP pattern structure. This downward trend aligns with my May 2 Major Bottom pattern for the SPY/QQQ. So I would expect BTCUSD to start to roll downward sometime near the middle/end of next week.
Remember, this weekend should be about your family, your friends, and your beliefs.
Relax and enjoy.
Get some...
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Silver H4 | Falling to an overlap SupportSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 32.007 which is an overlap support that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 30.400 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement.
Take profit is at 34.480 which is a swing-high resistance.
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$ETH = Silver and $BTC = Gold Means WHAT!?They say Ethereum is the Silver to ₿itcoin being Gold.
If that's the case, does that mean that the ceiling for CRYPTOCAP:ETH will forever be stuck at $4,800
just like TVC:SILVER being capped at $48 for the past 45 years?
Does anyone really think ETH will be higher than $4,800 in 45 years???😆
A true store of value 💯
SILVER: Local Bullish Bias! Long!
My dear friends,
Today we will analyse SILVER together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 32.833 will confirm the new direction upwards with the target being the next key level of 33.123 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
SPY/QQQ Plan Your Trade For 4-15 : BLANK pattern day.As I stated in this video, last night I looked through the data and could not find any reference for this pattern going back more than 11 years. Same thing for tomorrow's pattern.
That means these are very RARE pattern setups and we'll have to watch to see how price action plays out today.
If there were no reference points over 11+ years of Daily price data (more than 2500 Daily Price Bars), then this is something very unique.
I believe today will act like a Reversal Bar. Potentially rallying off a lower opening price and setting up a type of Gap Lower Rally type of pattern - but that is just a guess.
At this point, trade smaller quantities until we see how price reacts this morning.
Gold and Silver make a BIG MOVE overnight - breaking above the $3300/$33 levels I suggested were critical psychological levels.
This is an INCREDIBLE rally in metals (thanks, China).
At this point, if you were long metals like I was, you can thank me all you want.
Be aware that metals will likely pause a bit above this psychological level, then start to move higher again.
The next big target is $3600-$3750 for Gold.
Bitcoin is doing exactly what I stated it would do - rolling into a top as demand for BTCUSD wanes. I believe the next low for BTCUSD will be closer to $60k-$63k. Pay attention.
Going to be a good day for everyone holding Gold/Silver/Miners CALLS (like I kept suggesting).
GOT SOME.
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SILVER at a CROSSROADS: Bounce or CRASH to $28?🔹 General Context
Silver has shown a strong bullish reaction from the lows around $28, later reaching a key monthly supply area between $34 and $35. However, this zone has once again been firmly rejected, leaving room for a potential deep retracement.
🟥 Key Zones
🔴 Monthly Supply Zone (34.00 - 35.00 USD): Strong resistance already tested multiple times. Candlesticks show strong rejections and long upper wicks.
🟥 Weekly Supply Zone (33.00 - 34.00 USD): Breaker block or mitigation area that triggered a strong bearish move.
⬛ Current Weekly Support Zone (32.00 - 31.90 USD): Price is currently testing this area. A new impulse could arise here — or we may witness a breakdown.
🟦 Monthly Demand Zone (28.20 - 29.20 USD): The last area defended by buyers in the mid-term. A realistic target in case of breakdown.
📊 Price Structure
The short- to medium-term trend remains bearish, with lower highs and strong rejection candles.
Current price action shows indecision, with lower wicks on recent weekly candles but smaller bullish bodies — a sign of potential accumulation... or just a pullback?
📉 RSI (Relative Strength Index)
RSI is in the neutral-high zone, not yet overbought, but in a downward phase → more room for downside if buyers don’t step in soon.
No clear divergences visible, but watch for signals on the daily timeframe.
🧭 Possible Scenarios
✅ BULLISH Scenario:
Condition: Support holds between 32.50 and 31.90 USD with a clear reversal candle.
Target: Move back toward the supply zone at 33.80 – 34.90 USD.
Confirmation: Break above 33.00 USD with increasing volume.
❌ BEARISH Scenario:
Condition: Weekly close below 31.90 USD → sign of weakness.
Target: Zone between 29.20 – 28.20 USD, a potential new institutional buy area.
Confirmation: Strong bearish break with follow-through and lack of buying reaction.
🧠 Operational Conclusion
Silver is at a critical decision point: bearish pressure from the monthly zones is evident, but as long as the 31.90/32.00 zone holds, buyers may still defend. A clean breakdown would open the door for a drop below $30.