Best time to take a short profit on selling SilverThe market is now on its way to a new trend. The prices will surly go down for today, but before you realize it they will go up again so make sure buy again when take your profits of selling. Generally, the prices are going down towards the next support so make it your first target, if it is broken then you would shoot for the next line of support only buy a strong buy signal you can sell and buy again to ride the next bullish trend.
Silvershort
SILVER STRUCTURE SHORT|TRADING PLAN
XAGUSD is trading below a strong resistance. The last attempt to break it failed which is manifested in a long shadow within the resistance zone.
Now, the metal broke out of the minor diagonal support, with confirmation, which all taken together indicates that our target trade is short.
TRADING PLAN:
1-short now
2-SL above the mirror diagonal line and the resistance lower bound
3-the ultimate target is at the diagonal support which will draw a silver triangle.
Thank you for reading, like and subscribe and have a nice day.
Silver is showing a strong down movement, best time to sellBe sure of the prices going down, the buyers are trying to win but the sellers are much stronger now.
You can sell now and wait for reaching the next resistance line down and buy again because it will go up again and break the level we are in right now. But for today the prices are surly going down.
Silver short Idea.After silver failed to break 18.400 resistance two times. I think it's time to test the neckline which was done during the downfall. The first target should be 16.600 after that maybe a rebound and then it must have a go at the neckline after which we could see a rally.
Silver Struggling at 100 Month SMA (quickpost)Pretty simple post, since June 2014 silver has struggled to reach the 100M SMA and every attempt or approach so far has sent the price action ultimately to the black trend line. Most recent was in spectacular fashion.
The MACD histogram is becoming one of my favorite indicators because hidden bearish divergence helps to suggest that the MACD itself will have a cleaner break of the signal line or cross below zero (in the bearish scenario).
Perhaps it is my optimism and greed here, but I am hoping for a busted falling wedge pattern where the price action falls below the trendline. Bulkowski considers that a great profit opportunity for when one goes long. thepatternsite.com
As I mentioned elsewhere I am looking for improvements to my system to help me reduce by time in a trade till it performs and also looking to steady my hands once I am in a trade so I can let my winners run. The blue shows where the Volatility stop (calculated at the Daily open,not close) signaled a potential consolidation and support because there were no candle closes below the VSTOP. Likewise the orange areas show that the VSTOP is acting as resistance and we could be in distribution before leg down. I have done plenty of posts on price action and volume action and my general order of precedence is price action, then volume action, then other indicators. I have been in my short ETF for a couple of week now, somewhat patiently holding waiting for this trade to perform. As it stands currently, i would have been using the 100M SMA & VSTOP combo as my entry and not the entry I had use earlier. There is the MACD, which if I am correct would be having a failed cross.
Looking for reversals is very high risk and I have the psychological scars to show for it. But there is also a great profit motive and I am getting really close to a workable system. If I am wrong I take my losses on a clear close above the VSTOP and 100M SMA and decide what to do then.
🤔 Does Silver & Altcoins Share The Same Patterns? 💰 LET'S GET INTO SOME SILVER & TOTAL2 ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Comparison Study)
The top chart is total2 which represents the market cap for altcoins in the cryptocurrency market on a monthly timeframe. The bottom chart is silver on a 3 month timeframe. We hear a lot of the time how bitcoin is the digital gold and I found it funny to identify a potential comparison for the alts to silver, which is like gold alt. Notice that crypto does move in faster cycles compared to traditional precious metals. I thought It was funny that both are compressing in almost the same sideways range after a major correction for the first initial all time high run. Just thought I'd share this outlook and think it shows a brighter future for both assets once we breakout of this range for the next run. Would love to hear what you think about the comparison.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
Head&Shoulder Formation in Silver futuresHead&Shoulders formation indicates a drop in silver price much expected since plenty of trader have been using silver as a refuge while waiting for the Nasdaq to confirm EMA200 breakout and now pullback. Also the targer is a previous consolidation range froma month ago... this is just technical obviously, there is fundamentals to be aware of if you are going for short, if not, you could be lower your risk and just wait for price at bottom and buy some silver wich is expected to reach high this year.
Silver Volume, Volatility Stops, and 9Season Rainbow.The silver volume action is clearly beginning to tighten since last July and while I would not recommend doing strict TA on the OBV with EMAS its clear that eventually this triangle with have to break one way or the other. the OBV going sideways is a theoretical option but with the price action struggling against the 400W simple moving average and the divergences I have gone over until I am sick of them, this formation needs to break one way or the other.
My assumption is this will break to the downside and price action will consolidate for a while at the 1000W SMA as it did before on multiple occasions them we will proceed down to the 1,500. The linked post will show the macro and micro timeframes and situation leading to this move.
I have run into the repeated issue where my charting has gotten better than my stop management and take profits and so while I have had some really great entries I have left lots of money on the table by not letting my winners run. Further that, timing is also an issue, especialy with leveraged ETFS as the underlying asset can chop sideways but the derivitive chops in a downward direction. You cannot just accumulate a leveraged short ETF.
To help myself with that I have demoted myself to using some dummy indicators which require no more effort than just picking a time frame and punching the numbers into my stop loss. The trade is on DSLV.
The 9 seasons rainbow uses some sorta analysis to set a color based on different time frames. blue shows that a floor is being set (if you see fuscia it meas the floor became a trap floor, oops). The light read shows a weak bear market. lower time frames being blue or light read mean I should look for reversal.
I am in my trade. I have been looking at getting my entry on near 24.7 assets like futures or crypto on the 12h chart, but looking for my exit on the 1D chart. I like me some swing trades.
If DSLV returns to its resistance trend line I should be able to pull a 4.5x out of this trade here shortly. Fingers crossed.
I will flip from a trading point of view to an investor when I see silver against this decade long trend line with monthly VStops beneith it. I'll be accumulating then, that is for sure.
XAGUSD Short What I see is quite clear, Price touched strong monthly Trend Resistance and rejected then we almost close to break strong Support trendline daily, as soon as we confirm breaking our Support trend, we wait for first pull back in one of the scenarios in higher highs we jump in a trade. For now 1. we wait to see if daily support trendline can be break or no 2. we wait to see which scenario going to be choose 3. we jump in trade with first higher high 4. with very rational R:R,
Good luck Guys,
SPX Sell Zonesİf you like my ideas or have your own ideas to share on this market, comment below so that we can discuss.
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
Fikirlerimi beğenirseniz veya bu pazarda paylaşmak için kendi fikirleriniz varsa, tartışabilmemiz için aşağıya yorum yapın.
Bu analizin içeriği herhangi bir zamanda önceden bildirilmeksizin değiştirilebilir ve yalnızca eğitim amacıyla sağlanmıştır. Finansal tavsiye veya işaret değil. Lütfen kendi bağımsız yatırım kararlarınızı verin.
Paper Silver at 400W MA Resistance still facing years of declineI have been charting the bearish case for silver for about six months and this chart has popped up in one form or another several times. It is still obvious that price action is being compressed between the 200W and 400W SMAs. When price action slipped the 200W last there was basically a flash crash to 1500W. What did this legendary rally get us on the daily chart?
Our third lower high in almost 10 months. Price may still come up and test the trendline in the chart below, but it looks pretty bearish right now.
I continue to find studying the OBV with EMAs interesting. The OBV seems to broadly follow many of the fundamentals in charting with support turning to resistance and being rejected and supported by longer term EMAs. It looks like price action will work its way deeper into the wedge and the OBV will go deeper into the triangle for the next couple of years. The good news is, after silver struggles through this depression/Recession I basically see it in a massive acceding triangle. We are going to have a banger of a decade to fifteen years if I see this right.