To Infinity And Beyond Buzz Lightyear is in control of this rocket ship.
For me a key level of interest and a sign that price finally broke out of the downtrend came in my yellow box, as we can see price came back up to test the trendline for the 4th time, it broke on this 4th touch and then came back down to test this same trendline as support before bouncing in a bullish fashion and hitting my 1st target 26.0 which i could see been used as slight resistance.
On Friday price did use this as resistance, tried to push through but bulls were not strong enough causing the bears to push price back down below this level, Today we have pushed back above this level and i can see price staying above it and pushing even higher. 26.5 will be my next level and then 28.0
If you have any questions then please just ask, i will be happy to have a chat and see how i can help you.
Peace out.
XAG
SILVER looking up 🦐SILVER after the break of the descending channel, bounce over the weekly ascending trendline and created an impulse until the 26 level.
The price is now testing the resistance area and according to Plancton's strategy if the price will break above we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
SILVER (XAG/USD) – Week 14 – Don’t miss this move!As we mentioned in our previous analysis, the Silver price dropped in our target zone and it looks like it is heading towards the orange trendline.
For this week, if the price reaches and then breaks the trendline a bullish move is strongly on the cards. Keep in mind that the weekly trend is extremely bullish and this bearish move that we witnessed is only a correction. We will only focus on the buy setups, as this will turn out to be a great investment opportunity.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Gold bearsNot quite the time yet for gold to shine.
The past couple of months are proving that gold will not follow equities and cryptos, but rather follow the dollar (weird)
This is the main argument for the milkshake theory though, it will be interesting to see how it plays out.
Share thoughts in the comments.
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SILVER: FIBO RETEST IN BEARISH CHANNE - WAITING SHORT TRADE 🔔 Welcome back Traders, Investors, and Community!
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Strategy : RETEST ON BEARISH CHANNEL + FIBO RETRACEMENT
Good trading at everyone!
Silver cup and handle A cup and handle on silver . If you look at the handle, we can still go lower or we can rise up.
If you dont like to take the risk, then you can buy it now. If you do, you can wait for a lower price.
So the fact is that we can keep accumulating 1 or 2 more years. If you are longterm, there is no Problem. If you shortterm trading, it is difficult because we are in a downtrend now.
This is not an investment advice.
Dollar DXY - Daily ScenariosIf you're in Stock Market, Crypto or Metals positions you need to have one eye firmly on the Dollar index chart, seen a lot of panic/fear across all markets the past week or so which is 9/10 a buy signal for me personally. The 1D chart is printing a bearish divergence on RSI which is the perfect recipe for price appreciation/continuation across all markets I just referred to, the 2 scenarios shown on the chart are the most likely, a safe entry from a cash position would be to wait for a rejection & a confirmed daily downtrend which would be fuel for green days across all markets.
$XAGUSD - Technical analysis and some fundamentalsHi guys! 👋🏻
🔔 Silver once again outperformed Gold today by gains, Silver is up just over 1%, while Gold gained only 0.24%.
🔔 According to the CFTC data as of March 9, there is a 20,000 spread between the overall net positions on Silver Futures, with an edge going to short positions. The update of the CFTC data on Silver will be released later tomorrow, worth checking it out.
🔔 As per the technicals, silver seems bearish below the ascending channel, the retest of the channel’s dynamic support as resistance, on March 11 adds fuel to the bearish sentiment of XAG/USD.
🔔 Although Silver might look ascending in a short uptrend, supported by a signal from MACD, MA100 and MA200 act as a strong resistance lying right next to the dynamic level which acted as a strong resistance previously, there is a key level and a pattern which might halt the uptrend for a longer period.
🔔 A falling wedge pattern formed on a 4H XAG/USD chart suggests that there should be one more leg down before Silver could regain power and continue upwards. There is a strong resistance at levels $26.60 and $26.75, which should be tested soon enough, the area of this resistance’s strong repulsing force is backed by multiple static resistance points, upper edge of the wedge pattern and the upper edge of the local ascending channel.
🔔 If Silver is not able to break and close above $26.75 and is rejected by this resistance area, the sharp fall may send it back to $24.90 and $24.35. If Silver is able to close above $26.75, then it might signal the bullish continuation of the precious metal, however the first scenario looks more relevant based on the chart analysis and the data from CFTC.
🔔 To minimize your risk wait for the touch of the dynamic resistance mentioned above or breakout from the lower local dynamic support (black)
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
SILVER : ANALYSIS 1D TIMEFRAME - PRICE READY TO GROW ! 🔔Hello Everyone ! ! I hope you'll Appreciate our Advanced Analysis on Price Action !
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Have a Good Take Profits ! ! !
Silver Weekly TimeFrame Analysis 01/02/2021as we can see we have few resistance areas and a heavy zone before reaching our Fibonacci projection parallel leg levels and we have specified it as our TP areas
if the price continue its rally in the specified Chanel the Arrows so does the date for our TP occur ON time as we have specified them by Fibonacci time Zones
i believe this commodity is under valued so we have some chance to purchase it and invest on it
it has a long term horizon yet worth of thinking abut it
please comment your opinon
SILVER : Price Action on Small TMF , Price is GROWING ! 🔔🔔🔔Welcome back Traders, Investors, and Community!
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Good trading at everyone!
Silver train ready to get rolling?Hello Traders!
Short and sweet here. Short target has been met and we are looking basically exactly the same as XAUUSD other than the way price is reacting to the Correction Channel.
Short target is confluent with the 2nd Long Entry, both should provide significant buying pressure to take us above $30 for Silver.
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche
SIlver on a short outlook 🦐On the 4h chart Silver after the new test of the strong resistance level created a double top and move to the support area at the 25.8750 area.
If the market will break below, according to Plancton's strategy, we can set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.