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Silvershort

Silver Sets To Complete A Five-wave Impulse PatternKindly support this analysis with your likes and comments! The Silver 4 hourly chart reveals an incomplete Elliot Wave impulse sequence from wave (b) high on the chart. It's labeled i-ii-iii-iv-v. Wave iii is the longest wave and its sub-wave of wave iii is also visible. According to EW theory, once the corrective phase in wave iv is completed an impulse move will follow it in wave v . In Silver's case, the correction unfolded as a double zigzag and also terminated around 50% Fib level. Yesterday daily price action also close as a bearish engulfing bar. With all the confluence, we can expect Silver to head lower in the short-term. The setup will be considered invalid if the red line on the chart is breached. What's your view on Silver? Let me know in the comment! Good luck on the chart, Veejahbee.
OANDA:XAGUSDShort
by Veejahbee
2
Silver Should Fall Further Lower Before Bulls ResumeSupport this analysis with your LIKES and COMMENTS :) The rapid sell-off on Silver from wave (b) high is taking the shape of Elliot Wave five-wave impulse pattern. Price has already completed the first three waves and currently in wave iv. Wave iii is the longest impulse and its sub-waves are also visible. Once wave iv finds resistance, which is most likely around the 38.2 Fib level and base trendline we can expect another impulse down to complete the five-wave structure. The break of the green line will confirm the bears have resumed. Once the price breach the green line our invalidation level will be above 38.2 Fib line. Targets below wave iii low is plausible in days ahead. Once the five-wave pattern is completed, we can expect a strong rally in silver. What's your view on this precious metal? Let me know in the comment. Thanks, Veejahbee.
OANDA:XAGUSDShort
by Veejahbee
2
THE BEST TIME TO BUY SILVER WITH Warren BuffetExpecting at long term , that this are the best moment to buy silver. the most what warren buffet buy increase. Expecting for silver a great increase time, and the silver are urgent for now and next time. From more sides, we know that warren buffet holding and buying silver. if coming any 2second red market, i believe silver will done it great again. Have good time (: # this are long term update. and expect that we will hit the all high time. Gold have done that already, and for silver need around 130%. its more interesting to buy silver than gold.
TVC:SILVERLong
by Protixder
SILVER short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
FX_IDC:XAGUSDShort
by GWBFX
6
Another 20% for the bears! 🐻 We updated our target for the correction in silver. Due to the breach of the $23 area, we have to expect further downward movement. The new target for a turnaround is between $19 and $15.50. A yellow box indicates the zone. This bigger correction leaves us with more potential to the upside after the current correction. We think that we are now ina major wave 2 in blue. This means that after completing the correction, a bull run to prices over $30 could start. Share your opinion in the comments! Happy Trading!
COMEX:SI1!Short
by MarketIntel
6
ridethepig | Silver Waterfall Event📍 What's in play here? This boat is becoming very crowded and the absolute freeing move would be a pullback into support before continuation to the topside in 2021. I have dropped my target to 18.5x, because even after the defensive CB manoeuvres continue the strength is mostly priced, and late buyers are underestimating that. The nucleus of the move comes from a 11 August with the start of an ABC part inside a 5-3-5 pattern to open up the possibility of a slingshot in wave 3. For now, to the downside sellers must not allow buyers too far down, or else the threat of the creation of a wedge would becoming disastrous. Take for example 22.4x and 18.5x as main targets to aim for. While to the topside, invalidation and reassessment needed above September highs. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDShort
by ridethepig
21