Since early last year, we have been following a certain buy low/ sell high approach on Silver (XAGUSD) after we identified that it has been trading inside a 2-year Channel Down: We most recently turned bearish again on precisely the right time on our previous January 31 sell call: Right now however, with the price having broken on Friday below the 1D...
We are witnessing a decreasing trend in a channelized space. We are currently witnessing a negative divergence and we are on a static resistance in the range of 21.76186. We have 2 scenarios ahead: 1. In case of breaking the resistance, you can experience a growth up to the ranges of 21.86676 and 21.95601 or between them and then continue the decrease up to the...
XAGUSD looks to be trending up. Waiting for a corrective flag and break could provide the next motive wave up.
Silver (XAGUSD) couldn't have gone better since our September 12 buy signal as following the Lower Lows Double Bottom, it not only broke above the 1D MA50 (blue trend-line) and 1D MA200 ( orange trend-line), but also made a new Extreme High on the 1.382 Fibonacci extension . As you see, we've charted Silver's pattern since February 01 2021, which is a Channel...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Bearish Channel as a Corrective Pattern in Long Time Frame and Made a Breakout of the Upper Trend Line Divergence Break Of Structure Consolidation Phase in Short Time Frame wait until it Breaks the Upper Zone or the Lower Zone Completed the " 12345 " Impulsive Wave and Corrective " ABC " Wave
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Rising Wedge in Long Time Frame and Rejecting from the Upper Trend Line with Strong Bearish Price Action as Impulse Making Correction in the Form Bullish Channel and Rejecting from the Upper Trend Line Fibonacci Level - 78.60% S- R Level Resistance Level Divergence Completed " ABC " Corrective Wave
Grab this Aggressive SELL🛑 After creating up move XAGUSD can go down as rocket 😃🚀🚀🚀🚀 🔇🔇warning🔇🔇 Must use money management💵💵 This not a signal just my perspective 💹💹
Since the low back in June 2022, Silver has traded in a range and although there were 4 attempts for a break under 18usd figure and even a false break at the beginning of September, bulls held strong and finally won the battle. XagUsd started to rise in October and broke above the resistance of the 6 months range in November. A nice rise followed and the precious...
The probable trend of silver The second goal is very important and the possibility of heavy modification is very high
Silver (XAGUSD) couldn't have gone better since our September 12 buy signal as following the Lower Lows Double Bottom, it not only broke above the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), but also made a new Extreme High on the 1.382 Fibonacci extension. As you see, we've charted Silver's pattern since February 01 2021, which is a Channel...
Completed the Correction " ABC " in a RISING WEDGE Pattern with the Breakout of Lower Trend Line #LTL We have Strong Selling Divergence in Long Time Frame #LTF It can Follow Some Bullish Moves to Complete its Correction at Fibonacci Level ( 50.00 - 61.80 % )
#XAGUSD Silver - BULLISH Channel #LTF - Rejection from S / R or DEMAND Zone - FALLING Wedge and Breakout of UTL with Retracement - Buying Divergence - IMPULSE CORRECTION
I am going long on XAGUSD (Silver). My Elliott Wave count points me to a C leg in an Impulse or Diagonal as the next possible move. XAGUSD Long - Technical Analysis: - ABC (Minute (orange)) sequence - Bullish Bat Harmonic - Bullish Divergence - 78.6-88.6% Fibonacci Retracement of Minor A (white) - 161.8% Fibonacci Extension of Minutes A&B (orange) Silver Buy...
Despite been on a long term bearish momentum since the beginning of the year, the breakout of the bearish trend line on the daily timeframe a couple of weeks ago opened up the possibility of a potential reversal pattern in the coming week(s). However, since the breakout of the trendline we have noticed the appearance of a consolidation phase just above the $21.000...
Silver (XAGUSD) has been trading since September exactly like we wanted it to, as we have been tracking its long-term Channel Down pattern correctly: Our 1D MA200 (orange trend-line) target has been hit, with the price also marginally breaking above the top (Lower Highs trend-line) of the Channel Down (Fibonacci level 1.0). That doesn't call for a bullish...
With the identification of a reversal pattern above a strong demand zone in the 4H timeframe, I am of the opinion that we might be witnessing buying traction during the course of the new week's trading session. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all...
XAGUSD is uptrand, if there is confirmation of rejection in the demand area, we can re-buy following the trend and target swing highs
List of confluences: 1: Trendline Breakout 2: Rising Wedge Breakout 3: Bearish Market Structure LH + LL When we look at the bigger picture trend, we can see that sliver is in an overall bearish down trend. We can clearly see a trendline breakout and a rising wedge breakout in the direction of the bigger trend. This is followed by visible bearish market...