Silver Futures shortIf the price enter inside the channel and breaks the Blue TrendLine ..so silver for short..TP1 is 15.1 and TP2 is 14.95
Silvercharts
SILVER (US$ / OZ) Monthly, Weekly, & DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
SilverIdea for XAGUSD
Top can be seen to be suggested perfectly by the Fibonacci spiral
price can be seen to trade along the 1 fib level within the Fibonacci circle
The bullish divergence might provide enough momentum for a bounce up to the level indicated however i think the spiral indicated will be the bottom.
Currently under the 200MA also.
The transition between fib rings within the circle may create some volatility.
Long Silver around safe zone 15 upto 14.8 oz.TVC:SILVER
In the weekly time frame, Silver broke the resistance of its downward Channel. And now it's time to have correction to its now support. At around 15 to 14.8 ounces, a long low risk was expected.
Of course, if the support of 14.8 is broken, you can expect a drop of up to 13.8, but in general, this lovely and ruthless metal is Bullish.
Silver 4Hr Uptrend ChannelMy fundamentals and technical analysis suggest the Silver is on an uptrend channel. Gold-Silver-Ratio indicates a strong dislocation in the precious metal market. Silver bounced back from 11.6 to 16.11 (at the 0.618 Fibonacci retracement line). Using a Pitchfork, I drew the upward trend crossing through the middle of multiples tops and lows since the 18 March (the pitchfork trend limits also match the Fibonacci Fan lines, but I did not draw it for the avoidance of confusion). Finally, there is strong support at 15 but it breaks the upward trend. My options are: A) To wait for a retrace to 15.4 and going long with SL at 15 and TP at 17.65. B) to wait for the next wave: Silver strength continues to the 16.3 and retraced to the pitchfork lower band of 15.8 before the next big move to the 18.2. Any comment?
Silver Rising WedgeSilver has formed a rising wedge
I expect after a final push the wedge will breakdown, i cant be sure though its just TA
The rising wedge pattern is a bearish continuation pattern
This is a short time frame 1H
SILVER UPDATE technicaly based forecast
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💡 SILVER technicaly based idea, technicaly indicators showing we can expect higher push up in price, we can see strong bulish candels formation, technicaly picture good, expecting to see push in price till FIBO 0.6, possible based on candl foramtion and break of 0.6 FIBO
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Silver fractalSome silver fractals, what i mean by 'equilibrium crossover' is the point where the rising wedge breaks down into the falling wedge, producing the bullish pattern. After some more movement down within the wedge upward movement can be expected as per the falling wedge pattern. Used a mirror support level for a possible reversal point for silver.
SILVER (US$ / OZ) MonthlyDates in the future with the greatest probability for a price high or price low
Gold/ Silver Ratio - Historic First - 115 : 1The gold silver ratio (GSR) has set a new 100 year record, with the value of 1 ounce of gold exceeding over 115 ounces of silver.
I would suspect that the drop in silver is largely due to the global slowdown that we are currently facing from the Coronavirus, as silver is predominantly an industrial metal, given that this slowdown is far from over then the logical conclusion would be that silver's move to the downside is not yet over.
This means that despite the GSR being in excess of 115, then higher levels are entirely possible, and are in fact likely.
This comes on the back of silver making intraday lows, below that of the 2015 lows around $13.65, with silver touching $12.70, this means that we could be seeing silver in the single digits in the not-too-distant future, particularly if the global lock-downs continue.
That being said, we are likely to see some enthusiastic buying at these levels from precious metals investors, particularly with the GSR at these levels.
So a bounce is possible, although i do see lower nominal silver prices going forward, the GSR however, may not display the same one sided move.
Sources:
www.macrotrends.net
SILVER (US$ / OZ) DailyDates in the future with the highest probability for price direction reversals
SILVER Intraday BullflagSilver has formed a bullflag on the 1H chart, this will lead to fresh gains. It can be seen that the price is sitting above the immedaite trend line resistance.
XAGUSD. Does this mean growth?Hey.
In just 4 days, the Silver price managed to fall from the resistance level to the support level.
For now, I would not recommend buying or selling silver. Because in this case it is a big risk, however,
the price will rise in the near future and will reach its target at a key level. Be careful. I wish you good luck.
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This idea does not provide the financial advice.
Silver/USD bullish signsHello.
Few noticements here on weekly time frame on silver:
Double bottom (red marks)
Good, clean looking reversed head and shoulders
After breaking the 200 ema (red line) it used it as support. If you compare this to previous movement it could be possible that we see upward movement as as long as we stay on top of it.
Same happened on the 20 ema (yellow line) four weeks back. Tested it 3 times but bulls took the lead.
Also downtrend (greenline) is broken with and nice looking cross on 50 (brown) and 200 ema which both are bullishs signs
Just simple speculation ;)
If you do trades always use stop loss
-Jebu
Silver Inverse Head and Shoulders Pattern. $20 /oz by Mid SummerClear inverse head and shoulders pattern could lead to a breakout in silver, finanly above $20/oz. Leading the way for a bull run in the PM's.
SILVER D1silver is middle of the down trend channel, on the other hand I think we have a support level 17.5
if you draw fibo level, you notice that the price reached to 61.8 after that pull back to up side
I do not think the metal market is going to down side, I am looking for buying opportunity
Silver next Four Moves forecastLong And short silver on given levels on chart with proper money management thanks
XAGUSD Watch lower time frame for buy setupsHi traders,
Keep your eyes on lower time frame for buy setups. Do not sell without having a correction.
short silver near 17.47/17.53 Target 17.00Short silver near 17.47/17.53 Sl above 17.60 Target 17.00 Thanks just Trade with proper money management.
Short silver near 18.10/18.13 sl above 18.20 Target 17.74Short silver near 18.10/18.13 sl above 18.20 tp 17.74 Thanks
XAGUSD Weak DowntrendPerfect touches on the EMA line, a retest is possible however I think this weak downtrend will be broken after a small pullback from the double top formed, silver may follow gold and palladium in its recent bullish nature. A bearish triangle can also be observed.
