Silver
SILVER (XAGUSD): Pullback is Ahead!
There is a high chance that Silver will pull back from
the underlined blue daily resistance.
As a confirmation, the price formed a double top pattern
on that on an hourly chart and violated its neckline.
Goal - 33.185
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SPY/QQQ Plan Your Trade Update For 4-23 : Rally-111 PatternToday's pattern really showed up pre-market.
Where was the rally today? It happened before the US markets opened for business.
The SPY/QQQ had already moved up into my upper resistance area on strong buying overnight.
I knew I had to run my father around most of the day, so I booked my profits this morning and tried to catch one little SPY rally (that didn't work out).
So, I started taking some positions for next week's potential downtrend, and I thought, "How much risk am I taking on these trades if the markets continue to move upward?"
I realized I would be taking about $1000 to $1400 in total risk, but my expiration date is near May 16. So my target for any profit really needs to be before May 10th or so.
If the markets do what I expect, I'll be sitting back, watching my profits grow as the markets trend downward into my May 2 Major Bottom (I hope).
I created this video to highlight the now partially confirmed inverted EPP pattern that setup the Ultimate High in early trading today.
Now that we've completed the inverted EPP pattern, we should be looking for the ES/SPY/QQQ to move downward, shift into a sideways/upward price flag. Then, break down into the new Consolidation phase.
Essentially, if my EPP patterns play out well, I timed my move away from longs/calls and into shorts/puts almost perfectly. Now, I just need to sit back and wait for the markets to make a move.
This is what trading is all about. You can't kick the markets to do what you want them to do. You have to learn to take what the markets give you and fall in line with market trends.
When you do that well, profits start to fall into your lap (if you are patient).
Follow along as I break down these market trends and learn how to develop your own skills.
GET SOME.
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Silver Update – April Rollercoaster Ends in Bullish Setup?What a month it has been for Silver also!
In early April, the metal broke down from a rising wedge pattern, triggering a waterfall drop of around 6,000 pips. The plunge took us right into the 28 zone, but the reversal that followed was nothing short of spectacular.
In just two trading days, Silver rocketed back above the key 30 level, and the rally didn’t stop there. By mid-month, it reclaimed the 32 support – a level previously broken during the drop.
📉 Last week, however, price action turned quiet compared to the volatility in Gold, with Silver entering a tight consolidation.
But here’s the key point:
➡️ Despite the sharp early-month drop, the structure is now bullish again and remains so as long as 32 holds.
💡 Trading Plan:
I'm looking to buy dips near 32 in anticipation of a breakout above 33.15 – the upper boundary of the recent consolidation.
If that level gives way, Silver could accelerate its gains and make a new attempt toward 35.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
$SLV pullback before the real bull trend starts?Silver looks to be trading in a large rising wedge, I could see the possibility of a pretty substantial pullback should price break down from the pattern.
We have the potential to fall between 30-60% from here should price break the pattern. The level to look for is a break of $22 on the downside, that will be the confirmation that we're moving lower.
I've marked off important support levels on the downside if we break down. A break of the upper resistance would invalidate the idea.
SPY/QQQ Plan Your Trade For 4-23 : Rally-111 PatternToday's RALLY pattern suggests the SPY/QQQ will continue to push higher, possibly breaking upper resistance near $550/493.
As I suggested in this video, I believe the upward price trend bias will continue into Friday (4-25) and suddenly shift into a BEARISH price trend/bias early next week.
The May 2-5 Major Bottom cycle low, my research predicts, will happen and should prompt a fairly strong downward price trend as we near the end of April and head into early May.
Gold and Silver will likely consolidate a bit over the next 24-48 hours. So, this is a great time to pick lower entry price levels for LONGS/CALLS.
Ultimately, I'm still expecting Gold to rally above $3750 before the end of May and attempt to target $4500++ before the end of June.
BTCUSD is moving into a potential "INVALIDATION" phase. Although I'm currently estimating the probability of that invalidation at about 20-30%, it is still a valid price trend.
I believe BTCUSD will shift into a downward price trend as the markets continue to unwind excesses through the May, July, and October lows, according to my cycles.
The big opportunity for traders over the next 48 hours is playing the upward trend bias in the SPY/QQQ - then moving into a mode of preparation for next week's breakdown/downward price trend in the SPY/QQQ.
So, play it smart. Follow the chart and don't try to be a superhero.
Play what is in front of you and prepare for the bigger price swings headed into next week and beyond.
Get some.
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SILVER: Strong Growth Ahead! Long!
My dear friends,
Today we will analyse SILVER together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 32.755will confirm the new direction upwards with the target being the next key level of 33.182 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
Mid-Week Market Forecast: GOLD, SILVER, COPPER & PLATINUMIn this video, we'll present analysis and best setups for Wednesday, April 22nd to the end of the week.
Gold is still a buy.
Silver may present a sell opportunity at current levels.
Copper looks like it is setting up for a valid sell.
Platinum has showed weakness early this week. We'll watch for continuation.
Be patient, and wait for confirmations!
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
SILVER WILL FALL|SHORT|
✅SILVER has retested a key
Resistance level of 33.15$
And as the pair is already
Making a bearish pullback
A move down to retest the
Demand level below
At 32.09$ is likely
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SPY/QQQ Plan Your Trade Update For 4-22 : EPP StructuresThis video highlights why the Excess Phase Peak pattern is so important for traders to understand and follow.
Imagine being able to see into the future and to be able to plan/project price action in a way that is like putting together building blocks (or Leggos).
That is what the Excess Phase Peak pattern represents for all traders.
Once you understand it and learn to use it, you'll see how it presents very clear opportunities for you to plan and execute fantastic trades in any market.
Fibonacci Price Theory, Energy Cycles, & The Excess Phase Peak patterns are really the core structures of price.
Elliot Wave is fantastic for "after the fact" type of analysis. IMO, you don't really know how the EW count is truly structured until after the current major wave structure is complete (meaning you are 2-3 waves into the new (counter-trend) structure.
Watch this video and try to think about how I'm taking the EPP patterns to learn to plan out opportunities for price based on STRUCTURE - not indicators or averages.
This is how the markets work.
Pay attention and GET SOME.
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Silver is Again in the Bullish direction due to multiple ZonesSilver H1 Analysis 📈
The pair was rejecting the 31.00$ area.
But after almost many attempts it succeed ,, Closing above the 31 and gave a strong buy move.
If one bearish engulfing candle breaks the zone below . the Buying is no more valid
Now, According to the rule the market will retest the broken zone ( Red zone ) from upside direction and after that it will go up.
The target is based on the first resistance level.
One more thing , the market has trapped the buyers here
It gave a sell more abruptly and buyers without any confirmation entered the buy trades but the market manipulated.
The red zone is very important if markets holds here or make a strong support here we are going to buy otherwise we will wait
Silver: Elliott Wave Shows Room For More UpsideSilver made a very strong drop after breaking out of the upward channel at the end of March. This caused a sharp and fast move below 29 dollars where metal is showing some first evidence of a bottom as price recovers back above 32.00.
In fact, this can be the beginning of a new impulse, especially if we consider that on a daily chart market might complete an A-B-C drop back in wave IV. As such, we think there is room for more gains, after retracements which can give an opportunity to join the trend.
Can gold finally cacth silver? What you think?
GH
SILVER: Next Move Is Down! Short!
My dear friends,
Today we will analyse SILVER together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 32.816 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
SPY Plan Your Trade For 4-22 : Breakaway In Counter TrendToday's pattern suggests the markets are moving in a counter-trend mode and that we may see a Breakaway type of price bar.
The current trend is Bearish. Thus, I believe the current Counter-Trend is Bullish.
As many of you already know. I picked up some Calls off the lows yesterday after noticing a complete EPP pattern (Ultimate Low) setup about 75 minutes before the end of the regular trading day on 4-21.
My opinion, overall, is that we are still stuck within a consolidation phase. But that doesn't mean we can't see the SPY/QQQ move higher (toward the upper consolidation high) or roll back downward (toward the lower consolidation low).
I do believe we are moving into a moderate upward price trend over the next 3-4+ days where price will attempt to retest the 525-535+ level on the SPY, then ROLL into a top and start a sharp downtrend.
This volatility presents an incredible opportunity for traders. Staying ahead of these trends is key to improved success.
The SPY Cycle Patterns are fairly clear. We've moved into consolidation, and the price is very volatile. The Counter Trend pattern today may setup a 3-4+ day minor rally in the SPY/QQQ.
But, ultimately, I believe the SPY/QQQ will roll downward into the May Cycle lows - just as I have been predicting for the past 45+ days.
Don't get greedy. Play the immediate trend and learn to identify the EPP patterns on 5-minute charts.
Today should be a very good day for traders.
Get some.
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SILVER Will Go Lower From Resistance! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 3,271.5.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 3,036.0 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Plan Your Trade Update For 4-21 : Waiting For The EPP SetupThis video is, hopefully, going to help many of you learn to use the Excess Phase Peak (EPP) pattern more efficiently.
For months, I've been trying to teach all of you to use this pattern to efficiently identify and trade some of the biggest price moves.
Remember, price only does TWO THINGS - TREND or FLAG.
These components are essential to the EPP pattern setup.
First, price must TREND into a peak or trough.
Second, price must pullback from the peak or trough.
Third, price must move into a SIDEWAYS/FLAGGING formation.
Forth, price must break away from the sideways/flagging formation and attempt to TREND into the new consolidation phase.
Fifth, once the new consolidation phase starts, price will trend and flag within the consolidation range for a period of time - before...
Sixth, price will attempt to break up or down to the Ultimate High/Low.
This chart of the ES/SPY will show you how I used my analysis to "front-load" my positions before the Easter holiday weekend.
I've been telling all of you the markets would likely attempt to move a little bit higher, trying to target 525-535 (if we are lucky). Then, price would roll into a topping formation and move downward towards my May 3-6th low (estimate).
Last Thursday, I decided to throw on two positions to protect against any big news that may cause the markets to collapse over the holiday weekend.
I picked up :
4 SDS CALL options @ $23 expiring on May 16
3 XLF PUT options @ $47 expiring on May 16
Both of those trades worked out perfectly this morning. I booked 2 of the XLF and 2 of the SDS for profits near 1030 AM PT. Lovely.
Next, in between phone calls and loading up my car for a short trip, I noticed a beautiful EPP pattern setting up in the ES, and that EPP pattern has already reached what I believe to be the Ultimate Low.
I tried to get into 2 SPY Call options @ $512 and held my breath to see if I timed the entry well.
NOT.
I took a $280+ loss on those two Calls.
I waited a bit longer to see what price did, and after the price setup a base below $510 on the SPY, I loaded up on two more SPY Calls @ $510 and two SSO calls @ $67 about 70-80 minutes before the end of trading.
The way I looked at it, I already had my downside trades placed from last Thursday, and I just added some upside exposure while my downside trades were profitable.
I didn't know if the SPY would rally or not, but the EPP Ultimate Low setup suggested NOW is the time to buy.
So, I kept both downside and upside trades active to protect my account overnight.
The SPY rallied into the close, and I ended up making some nice profits off that EPP Ultimate Low.
Now, I'm going to wait to see what happens tomorrow morning and try to BOOK my upside trades in profits while letting my longer-term downside trades play out into early/mid May.
This is trading. The entire purpose of trading, like I trade, is to position for the best opportunities and try to catch the GIFTS the market throws at you as often as possible.
Nothing is guaranteed, but price ultimately shows us everything we need to know.
Watch this video to see if you understand the EPP Ultimate Low that prompted me to buy my CALLS today.
If so, then you are starting to GET IT, and that is a very big step towards improving your trading skills.
Get some.
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SILVER: Will Go Up! Long!
My dear friends,
Today we will analyse SILVER together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding above a key level of 32.755 So a bullish continuation seems plausible, targeting the next high. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
SPY/QQQ Plan Your Trade For 4-21 : Inside Breakaway PatternToday's Inside Breakaway pattern may not show up as I would expect.
An Inside Breakaway pattern suggests the OPEN will be within the Body range of the previous bar - I don't see that happening today.
The Breakaway portion of the pattern is much more likely to happen today with Gold/Silver moving much higher and BTCUSD moving slightly higher today. It appears Safe-Haven assets are THE THING right now.
That would suggest the US Dollar and US-Dollar based assed would continue to fall (move downward) as devaluation and contraction in the global economy continues to play out.
If you watched my video (posted late last night), you already know my data suggests there is almost no reason for the markets to mount a rally right now. The only thing I can see that would drive a big rally from these lows would be some incredible news that the world is immediately going back to somewhat normal in terms of GCB spending and Global Trade. I don't see that happening.
I know there are a lot of emotions related to these Tariff wars and global trade. Heck, almost anything that goes on in the world right now is full of emotions.
I urge all traders to STEP BACK. Think of the markets like an engine that runs on the quality of AIR, FUEL, SPARK, LUBRICATION, STRUCTURAL MECHANICAL PARTS, & INTAKE/OUTPUT CAPACITY.
If you start to think about the markets (global markets) as a big engine, while thinking of individual economies (by country) as smaller engines, it starts to make a little more sense (at least in my mind).
Every country runs its own engine (see the components above). If some of those components are failing, then that country's economy will falter a bit.
And that faltering economy may put additional pressure on the global economy/engine.
It takes a lot to destroy a functional economy. I mean A LOT. War, Total Destruction of government/law/society. Maybe even some type of internal conflict.
But, even then, the economy will still have roots and will fall back to core elements.
So, don't worry about all of these people telling you "the world is going to CRASH in the next 2 years because of Trump". That is highly unlikely.
What is more likely is that the world will "re-settle expectations" related to future growth and output. Strengthening economies where needed and building up the core elements of global trade/economies over many months.
So, if you are worried or don't know what to do right now, move your positions into CASH and wait it out a bit.
There will be lots of opportunities for you to pick the right time to start trading again.
There is no reason why you have to try to FORCE the markets to adhere to your wants (they never do that anyway).
Just wait it out, keep learning, and plan/time your trade efficiently.
Get some...
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SILVER SENDS CLEAR BEARISH SIGNALS|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 32.821
Target Level: 31.594
Stop Loss: 33.634
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 5h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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SPY/QQQ Plan Your Trade For The Week Of April 20-25 : CautionI want to thank all of you for the great comments and questions over the past few months.
I'm very impressed by all of you and how well many of you are picking up my techniques to improve your trading results.
This video is more of a Pre-Week review - telling you why I expect the markets to trade/trend a certain way over the next 5 to 25+ days (or longer).
Additionally, I want to remind all of you my research goes much deeper (behind the scenes) than what you see in these Plan Your Trade videos.
I know many of you rely on my morning videos and some of you have messaged me about how important my videos are in helping you prepare for the day's price range/trend.
Ultimately, I started doing these Plan Your Trade videos to highlight my SPY Cycle patterns and to prove my research is accurate and helpful. Obviously, if my technology/techniques were failures, I would be hearing about it from lots of people by now.
But that is not the case. It appears my SPY Cycle Patterns and other techniques/tools are very well appreciated and are really helping traders learn to build better skills for greater success.
And that is what this is all about.
Remember, I've been lucky enough to rub shoulders with some of the greatest traders/minds on the planet for the past 35+ years. Sometimes, we would sit down for Coffee and share ideas. Sometimes, they would hire me to explore something they thought was important (coding/research). At other times, we would simply show up at an event together and chat about life and the markets.
I was lucky.
I got into this industry in the late 1980s (a long time ago) and have continued to learn new things and build my skills over the past 35+ years.
Now, I'm trying to share some of that knowledge with all of you so you can carry this information forward and make a real difference in your life (finding success while trading).
One of the biggest things I continue to try to teach all of you is PATIENCE.
Right now, the markets are in a unique phase (consolidation in a downward trend). You are going to have to learn to WAIT for the best trade setups and try not to force the markets do to what you want.
If you are not sure what to trade, sit on the CASH until you see a better opportunity.
OK. This week, after Easter, should be fairly quiet. Tax day and Easter usually fall fairly close to one another. This year, they were on the same week.
The markets are usually very flat near Tax Day - so don't expect much in terms of trending.
Volatility is still elevated. So, we may see some wild price action this week. Trade smaller amounts if you are still unsure about direction/setups.
Get some...
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