SILVER | THE BIGGEST CUP & HANDLE OF ALL TIME!Apple’s Cup and Handle pattern in the early 2000s is often cited as one of the most significant. After a prolonged downtrend, Apple formed a large cup with a handle from 2000 to 2005, which, after breaking out, has continued to appreciate to this very day. However, Apple's pattern is nothing compared to the current Cup & Handle pattern that exists in silver, whether in size or price.
I truly believe that silver is currently the most undervalued asset and will not only attain higher prices than most can imagine but will also rapidly begin to appreciate against gold, which currently has a ratio of 83.75 to 1. This ratio is irrational and unsustainable, as gold and silver are typically mined at a ratio of around 10 to 1. Even current U.S. Treasury Mint coins—Silver Eagles and Gold Eagles—have a current exchange rate of 50 to 1 at face value. Historically, under the gold standard and the Coinage Act of 1834, the ratio was set at 16 to 1.
Although this will not happen overnight and could take a decade or more to come to fruition, the unnatural and irrationally low price of silver is coming to an end. The overinflated gold-to-silver ratio will continue to fall as price manipulation ends and true price discovery begins.
SILVER trade ideas
XAGUSD: AB=CD pattern is forming, what is next? Dear Traders,
Bullish pattern is forming, and we have witness change in price. Tomorrow Fed news will likely to take down the price and then reverse from the area that we have identified. We can target a swing area and target a reasonable position. Good luck.
Chart Patterns and Key Signals in Live TradingChart Patterns and Key Signals in Live Trading
Chart patterns are powerful tools used by traders to predict future price movements. These patterns emerge from the price action on a chart and provide visual signals that help traders make informed decisions. Understanding and recognizing these patterns in live trading can significantly improve your ability to forecast potential price trends and execute successful trades.
What are Chart Patterns?
Chart patterns form when price movements of a security, such as a stock or currency pair, follow a recognizable formation or trend on a price chart. These patterns represent the collective sentiment of buyers and sellers, indicating periods of consolidation, continuation, or reversal. Traders use these patterns to anticipate where prices may move next and to identify high-probability trading opportunities.
Key Types of Chart Patterns
Chart patterns can be categorized into two main types:
1. Reversal Patterns: These indicate that the current trend is likely to reverse.
2. Continuation Patterns: These suggest that the current trend will continue after a brief pause.
Common Reversal Patterns
Head and Shoulders
Description: The head and shoulders pattern signals a trend reversal. It has three peaks: a higher peak (the head) between two lower peaks (the shoulders). The neckline connects the lows between the two shoulders.
What to Look For:
Uptrend before formation: This pattern is more reliable if it follows a strong uptrend.
Break of the neckline: The trend reversal is confirmed when the price breaks below the neckline, indicating a bearish move.
Live Trading Tip: Wait for the price to break the neckline and retest it before entering a short position to reduce false signals.
Double Top:
Description: A bearish reversal pattern that forms after an uptrend, consisting of two peaks at roughly the same level.
What to Look For:
Resistance level: The two peaks touch a resistance level but fail to break through.
Neckline break: The trend reversal is confirmed when the price breaks below the support level (neckline) between the two peaks.
Live Trading Tip: Enter a short trade after the price breaks below the neckline and possibly retests the support as resistance.
Double Bottom:
Description: A bullish reversal pattern that forms after a downtrend, consisting of two troughs at roughly the same level.
What to Look For:
Support level: The two bottoms touch a support level but fail to break below.
Neckline break: The reversal is confirmed when the price breaks above the resistance level (neckline) between the two troughs.
Live Trading Tip: Enter a long trade after the price breaks above the neckline and retests it as support.
Common Continuation Patterns
Triangles
Symmetrical Triangle:
Description: A continuation pattern characterized by converging trendlines, where the highs and lows converge toward each other.
What to Look For:
Breakout: The pattern is confirmed when the price breaks out of the triangle, either upward or downward, signaling a continuation of the previous trend.
Live Trading Tip: Watch for increased volume during the breakout to confirm its validity. Enter the trade in the direction of the breakout.
Ascending Triangle:
Description: A bullish continuation pattern with a horizontal resistance line and an upward-sloping support line.
What to Look For:
Resistance breakout: The pattern is confirmed when the price breaks above the resistance level, signaling a continuation of the upward trend.
Live Trading Tip: Enter a long trade once the price breaks the resistance and volume spikes, indicating strong buying interest.
Flags and Pennants
Flag:
Description: A continuation pattern that looks like a small rectangular consolidation phase after a strong price movement.
What to Look For:
Strong trend: The flag forms after a sharp price move, followed by a consolidation phase.
Breakout: A breakout from the flag pattern confirms the continuation of the previous trend.
Live Trading Tip: Enter the trade in the direction of the breakout, especially if accompanied by an increase in volume.
Pennant:
Description: Similar to the flag, but the consolidation phase forms a small symmetrical triangle instead of a rectangle.
What to Look For:
Strong trend: A pennant forms after a sharp move, followed by price consolidation.
Breakout: The breakout signals a continuation of the previous trend.
Live Trading Tip: Trade in the direction of the breakout and ensure there’s an uptick in volume for confirmation.
Wedges
Rising Wedge:
Description: A bearish continuation or reversal pattern where the price forms higher highs and higher lows, but the slope of the highs is steeper than the slope of the lows.
What to Look For:
Trendlines converging: The wedge narrows as the highs and lows converge.
Breakdown: The pattern is confirmed when the price breaks below the lower trendline, signaling a bearish move.
Live Trading Tip: Short the trade once the price breaks below the wedge, especially if volume increases.
Key Signals to Look for in Live Trading
1. Volume Confirmation
Description: Volume plays a critical role in confirming the validity of chart patterns. A breakout or breakdown on low volume can be a false signal, whereas high volume supports the strength of the price movement.
What to Look For:
Volume Spike on Breakout: Look for a significant increase in volume during breakouts from chart patterns. This indicates that more traders are participating in the move and that it has momentum.
Divergence between Price and Volume: If price is moving in one direction but volume is decreasing, it may indicate a weakening trend.
2. False Breakouts
Description: A false breakout occurs when the price appears to break out of a pattern but quickly reverses, trapping traders who acted on the breakout.
What to Look For:
Lack of Follow-Through: After the breakout, if the price doesn’t continue in the breakout direction and instead reverses quickly, this could be a false breakout.
Live Trading Tip: To avoid false breakouts, wait for a retest of the breakout level or look for confirmation in volume before entering a trade.
3. Divergence with Indicators
Description: Divergence occurs when the price of an asset moves in one direction while an indicator (such as the RSI or MACD) moves in the opposite direction.
What to Look For:
Bullish Divergence: When price makes lower lows, but the indicator forms higher lows, signaling a potential reversal to the upside.
Bearish Divergence: When price makes higher highs, but the indicator forms lower highs, indicating a potential reversal to the downside.
Live Trading Tip: Use divergence as a signal to prepare for a trend reversal, especially when combined with chart patterns like double tops or bottoms.
Chart patterns are essential for predicting price movements, but they work best when combined with other tools like volume analysis and indicators. As you gain experience in live trading, you'll develop the ability to spot these patterns more easily and understand how to trade them effectively. Always remain patient and look for confirmation signals before entering trades based on chart patterns.
SILVER { XAGUSD}: Bearish Correction On The HorizonAfter a strong upward trend last week, Silver has now paused its advance and is consolidating.
Currently, an Indecision pattern, specifically a symmetric triangle, is forming on the 1-hour chart. The price is testing the boundaries of this pattern.
If there is a bearish breakout, with a 1-hour candle closing below the support line, we could see a downward correction toward the nearest support level at 30.20.
Conversely, if the price breaks and closes above the resistance line, we would anticipate a continuation of the bullish trend.
SILVER (XAGUSD): Bearish Correction On The Horizon Following a strong upward trend last week, Silver has now paused its growth and is consolidating.
There is an Indecision pattern forming, specifically a symmetric triangle, on the 1-hour chart.
The price is currently testing the boundaries of this pattern.
I predict that if there is a bearish breakout, indicated by a 1-hour candle closing below the support line, we could see a downward correction towards the nearest support level at 30.20.
Alternatively, if the price breaks and closes above the resistance line we will anticipate a bullish continuation.
Monthly Reverse H&S and Re-Entry on weekly break trend line Monthly Reverse H&S and Re-Entry on weekly break trend line
KOG's RED BOXES - SILVERSILVER:
Key level here is 29.63 with the bias being bullish above.
Retracement needed with support just below at the red box which will need to break to go lower.
Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Evening Star pattern The Evening Star pattern is a technical analysis tool that signals an upward price momentum's reversal to bearish momentum. The pattern rarely appears, but it is considered a reliable bearish indicator. The Morning Star pattern is also a trend-reversal pattern, which is bullish and gives a buying signal.
Silver- This is probably one of the scarier charts I've madeSilver seems move in cycles of currency reset. Here you see 3x currency resets, one is the end of the British empire, the next is the potential end of the usd. And the one we are about to enter? Probably digital currency. But who knows. Buckle up people
silver to 35$ Rate Cut Expectations Hello Traders as I can see Silver Breaks Above $30.19 as Fed Rate Cuts Loom, Eyes $31.76 and $32.52 as Bullish Targets for the Week Ahead. Dollar Weakness and Gold Inflows Propel Silver Higher; Traders Await Fed's Upcoming Interest Rate Decision. Fed Rate Cut Expectations Soar: Markets See 57% Chance of 25-Basis-Point Cut, 43% Chance of a Bigger 50-Basis-Point Cut
is moving toward to 35$ range as we can see bull market continues on the base of FFR cut Expectations also technically chart is showing us that the descending Triangle breakout is a clear view to continue Rally till 35$. Silver prices surged last week, breaking above the $30.19 per ounce mark and confirming a bullish trend on the weekly charts. The rally brought key levels of $32.52and $35 into focus. Optimism that the U.S. Federal Reserve is preparing to cut interest rates, coupled with a weaker U.S. dollar and strong gold inflows, fueled silver’s upward move.
Dollar Weakness and Gold Inflows Drive Silver Higher. One of the key drivers of silver’s rise was the U.S. dollar’s continued decline, which hit its lowest level of the year against the yen. A weaker dollar typically boosts silver by making it cheaper for holders of other currencies. Additionally, global gold-backed exchange-traded funds (ETFs) saw continued inflows, with the SPDR Gold Trust reaching its highest levels since January. This increased demand for gold also lifted silver prices, as the two metals often move in tandem. Friends its just a trade idea make proper research before entering any trade Support the idea it will help many other traders Stay tuned for more updates ....
XAGUSD shorts formed for short term basis Price is bouncing off internal liquidity,anticipating price to run external liquidity .
SILVER Potential Short! Sell!
Hello,Traders!
SILVER keeps growing but
The price will soon hit a
Horizontal resistance of 31.78$
From where we will be expecting
A local bearish correction
Sell!
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XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Break of Structure
RSI - Divergence
CHoCH
Bullish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
SILVER (XAGUSD): Bullish Rally Continues
Silver keeps rallying like crazy.
The price was rapidly growing the entire last week.
It managed to violate a significant horizontal daily resistance
and close above that on Friday.
With a high probability, the market will keep growing and reach 31.4 level soon.
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SILVER SHORT FROM RESISTANCE|SHORT|
✅SILVER is going up now
But a strong resistance level is ahead at 31.77$
Thus I am expecting a pullback
And a move down towards the target at 31.00$
SHORT🔥
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SILVER (XAGUSD): Bullish AccumulationAfter a significant price increase last week, Silver is now in a consolidation phase. An ascending triangle pattern is forming on the intraday chart, suggesting potential bullish accumulation.
The neckline of this pattern is currently being tested. I believe that a bullish breakout, specifically with a 2-hour candle closing above 34.35, will trigger further upward momentum. This could lead Silver to reach 31.80 and possibly challenge the all-time high resistance level.
Conversely, a bearish breakout below the triangle trend line could indicate a strong downward move.
SILVER RISKY SHORT|
✅SILVER is going up now
But a strong resistance level is ahead at 31.77$
Thus I am expecting a pullback
And a move down towards the target at 30.45$
SHORT🔥
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HISTORICAL year in progress for SILVER.HISTORICAL year in progress for SILVER.
2024 could be THE year to remember.
It can possibly have its HIGHEST yearly close, EVER!
#silver #xagusd
XAGUSD: A Bullish Perspective and Top-Down AnalysisSilver (XAG/USD) is showing a bullish trend, supported by several key fundamentals. The ongoing global economic uncertainty and geopolitical tensions are driving investors towards safe-haven assets like silver.
Additionally, the increasing industrial demand for silver, particularly in the renewable energy sector and electronics industry, is contributing to its positive outlook. The weakening US dollar is also playing a role in boosting silver prices, as the precious metal becomes more attractive to international buyers.
I'm utilizing probabilities on my charts to get positioned into longs for Silver.
Let’s get into the details of my analysis.
6M:
1W:
1H:
Top 5 Weekly Trade Ideas #2 | Silver Bull FlagSilver is another interest rate sensitive ticker with a bullish pattern heading into next week's fed decision. It has a nice bull flag on the 1D. It did have a fakeout below, but the lower trendline is still being respected and it closed at the top end of the flag last week. If it breaks above, I'd expect continuation to at least 32.50.
Final target will be around the 37 area based on the flag pole length depending on where the breakout occurs. I'll look to enter longs on a break, or ideally a retest after. Stop loss will be back below the upper trendline if it breaks above.
Silver May Have Space to the UpsideGold has been rallying to new highs recently, and now some traders may think silver can play catch up.
The first pattern on today’s chart is the pair of converging lines this year. Notice how XAGUSD has been pushing against the upper line since Friday. That may be viewed as the start of a breakout.
Second, prices held a peak from late August. Old resistance becoming new support is also consistent with a potential uptrend.
Next, MACD has turned positive. Prices are also near their rising 100-day simple moving average. Those may suggest bullishness in the short- and longer terms.
Speaking of the longer term, the second chart with two-week candles shows the white metal over the last 15 years. Notice how it’s recently consolidated above its 2023 peak and is now challenging resistance from 2020 and 2021. Traders may also notice the long-term peaks near 50 back in 2011. Could there be moves toward those old levels?
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SILVER The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for SILVER below:
The price is coiling around a solid key level - 30.720
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 29.587
Safe Stop Loss - 31.354
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
SILVER: Forecast & Technical Analysis
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SILVER pair price action which suggests a high likelihood of a coming move down.
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