What's happening on Silver? Let's take a look via EW.Silver breakout rally from wave ii low has been in a five-wave pattern. According to Elliot Wave theory, a three-wave pullback follows every impulse and that's what I'm expecting from XAGUSD right now.
The completion of the correction should set a stage for a significant rally in wave (iii).
See related ideas for long term Silver Elliot Wave setups I published a few weeks ago.
Xagusdlong
trapped between 18.5 - 16.5. Fight of the bears and bulls. price if silver is stuck between 18.5 and 16.5. the sellers push it up from 16.5 till 18.5. the buyers push it down from 18.5 to 16.5.
it is an interesting sideways movement where we can expect a bullish/bearish breakout. personally I am expecting some fake moves to trap
the early sellers. but knowing the uncertainty in the world, the price can make a push above the 18.50 level.
XAGUSD roadmap on H4, a complex reversal pattern**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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Silver , Where to Buy?Hi Traders, here is the full Update Analysis / Breakdown for XAGUSD / SILVER.
Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation( Break Of Structure )
2.Use Risk Management (Risk 1% of your capital)
3.Do your Own analysis!
4.Follow for more Analysis like this !
Dont forget to give me a like & Follow
let me know in the comment section below if you have any questions.
Your Support is much appreciated!
See You in the next Video / Analysis
Global Fx Education Team
XAGUSD, price is inside bullish trend channel! current price is inside bullish trend channel and uptrend price development seems neat and clear, we need wait price to breakout primary trendline resistance first and then buy when price bounce off from support level
Plan : trendline breakout --> wait for price to bounce off form horizontal / trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
XAGUSD buy on H5Plan : wait for prices to bounce off horizontal / trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
XAGUSD "Silver" Set Up to Resume the AdvanceSilver seems to be completed a 5-3 (impulse & correction) wave cycle. The corrective wave which unfolded as a w-x-y double zigzag pattern and bottomed at a confluence level that consists of 50% Fib retracement of the impulse + support zone has the potential to send Silver higher above the previous high.
Check my full Silver Elliot Wave analysis here:
Silver 4h, inverse HS, is very likely now, w guidance in chartSilver 4h, inverse HS, is very likely now, w guidance in chart. RS (right shoulder) building, could be the next movement. If RS will not become as deep as LS, that's a bullish sign, and we should expect a break up above, a move >> 5 , which will be wave (1), and then a down to retest of neckline = (2). And from there a good run >> (3) (top).
IF, RS seems to become deeper, and lower than 17.6, we need to rethink it again. Double bottom at 17.6 is of course also one option.... :)
Silver Buy OpportunityThis idea is for demonstration and educational purposes. Price is flagging and is sitting at 50% fib level. Study price action for continuation to the upside. Breach of support where price is sitting now invalidates this idea. Trade at your own risk
Please feel free to like and offer comments. You can Join my forex study and subscriptions group for $39 a month at www.celestefrederick.com
ANALYSIS ON SILVERUSDANALYSIS ON SILVERUSD
Welcome to my analysis
-
4HR CHart
-
Interesting Point of interest In the SILVER/USD pair.
- Price above 200 day EMA.
- look for buy signals TO GREEN ZONE.
- Watch top for sell.
- Watch line for break out to the downside.
- MACD showing bearish divergence
Long term i am expecting move to the upside. Will update soon
Stay Tuned
Will Silver Reach $22 Per Ounce?The daily chart above shows Silver's entire rally from November 2018 low. As visible, the price appears to be forming a textbook five-wave impulse pattern, labeled (i)-(ii)-(iii)-(iv)-(v). The sub-wave of wave (i) and (iii) are also visible while wave (v) is still unfolding.
According to Elliot Wave theory, wave (v) should exceed wave (iii) high, in Silver case price is still in the middle which means that the recent rally is just sub-wave "i" of wave (v).
Once sub-wave ii correction is completed around 50 - 78.6% Fib ratio, price is expected to resume higher in wave iii. Wave (v) will most likely find resistance within the gray resistance zone that lined up with upper ascending channel resistance around $21-$22.
What's your thought about Silver?
XAGUSD (Silver) Slight correction after rising...XAGUSD (Silver) Slight correction after rising. The exchange rate moves in a rising wave sequence. The analysis shows that the first fractal can be copied. You can also see that the bottom of the second fractal shifted slightly down. Blue wave rectangles indicate this wave shift. I do not expect the departure correction to be greater than that indicated by the yellow square. If my analysis is correct, the target price for the exchange could be 19.268usd. I treat this level as my primary target price. This means I use a target price tracking strategy when I reach the level. This is due to the increased possibility that the exchange rate may rise further. I do not want to miss this further rise.