SILVER : PRICE ACTION H4 TMF - PRICE READY TO FALL ! 🔔🔔🔔Welcome back Traders, Investors, and Community!
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Strategy : Bearish Flag
Good trading at everyone!
Xagusdshort
SILVER - SHORT (Continuation); SELL it!! (... and forget it.)Much like in the old George Foreman grill commercials; "Just set (sell) it and forget it!". It's a dog but a great Short here!
Here is the "panoramic view";
It will deflate in 2 seconds flat, right along side with the rest of the currently prevalent inflation fantasies.
XAGUSD : SILVER LOWER TO 24.35, Before reversing higher.We Expect SILVER to move lower.
This is my PERSONAL trading CHART, with no further educational explanations.
IF you get it, YOU GET IT, if you don't, YOU DON'T. I really don't care.
We use ELLIOTT WAVE theory to determine WHAT the Pivot IS, we are expecting, (i.e. TOP or BOTTOM).
1) We use MULTI-TIME-FRAME Indicator analysis too fine-tune the PRICE and TIMING of the expected WAVE.
2) We ENTER and EXIT trades over time, in increments and take the average.
3) We NEVER go all-in or all-out at ONCE.
4) WE take 25% Profits after PRICE has risen 50% of proceeding wave.
XAGUSD : SILVERS Path LOWER... before HIGHERIF you trade SILVER you Should be familiar with The GOLD/SILVER RATIO , which typically moves INVERSELY to the PRICE of SILVER ,
The GOLD/SILVER RATIO looks to be completing A WAVE-B correction, with WAVE-C starting soon in both GOLD/SILVER RATIO & SILVER , (albeit moving in INVERSE/opposite directions).
SILVER = SHORT.
GOLD/SILVER RATIO = LONG.
Analyze and monitor PRICE character and movement carefully.
XAGUSD: Why I Think Silver has LOWER to GOIF you trade SILVER you Should be familiar with The GOLD/SILVER RATIO, which typically moves INVERSELY to the PRICE of SILVER,
The GOLD/SILVER RATIO looks to be completing A WAVE-B correction, with WAVE-C starting soon in both GOLD/SILVER RATIO & SILVER, (albeit moving in INVERSE/opposite directions).
SILVER = SHORT.
GOLD/SILVER RATIO = LONG.
Silver could drop under 24 In my 2 days ago analysis on Silver I said that the rise from 24.50 is clearly corrective in nature and rallies towards 26 should be sold.
At the time of writing, Silver looks like it carved a local top and a lower high and it is resuming its bearish trajectory.
I'm bearish Silver in this context and I expect a new leg down under 24.
Gains should be very well capped by 26 resistance at this point
Silver- 26 is strong resistance nowAfter dropping around 18% from last week s top, Silver found support on Monday at 24.30 and started to rise.
The rise is clearly corrective in nature and it looks like a flag.
I expect gains to be very well capped around 26 resistance and we can expect a new wave of sales from here.
A good target for sellers can be 24.50
Silver Price at Trend line Support | Uptrend Silver chart is showing really good trend line support here it can move higher and higher
Silver price today is moving in below last 3 day low. breakout above will be our entry.
After correction in US dollar Commodities Price is moving good also in pandemic situation Investor majorly hold the commodities and bitcoin which is one of the best investment considered by the major institutions.
silver price must close below or above the trend line for next price direction
Silver - Continuation @ridethepig Silver Market Commentary 16.12.2020
=> It was no struggle for buyers to take out the diagonal resistance. Then, what comes next is a paralysing advance. Should some sellers wish to continue holding once the initial targets are hit then we can see capitulation.
This is a typical continuation flow with Fed which can be played here. The bid will advance from here and cannot be prevented in the short-term. This will now move with Gold and show bare the base of the retracement. The correct manoeuvre here consists of holding and working longs, enough to allow 26.0x (+10%) and 28.9x (+23%) above. Swing the bat and go massive when the positions starts working.
Thanks as usual for keeping the feedback coming 👍 or 👎