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Silvershort

Right Angled Descending Broadening WedgeChart Story here is.. from a Ascending broadening wedge the bears took it down.. and there was a great chance that a Bullish divergence would appear. It did... course went up and so a Descending triangle formation was there to bring the course down again. Because the price then widens a bit on the downside in a sideways move, I consider it a Right Angled Descending Broadening Wedge for now. Besides this pattern, you could probably also make a W pattern out of it but the characteristic of the Broadening wedge is "often", that after hitting the top or bottom 2 or 3 times the price comes back halfway during a rise or fall and then breaks out. these scenario's makes it possible to trade them but in times of macro economic uncertainties at the moment, caution is advised at all times. manage your risks at all times. disclaimer: this is not a financial advise
TVC:SILVER
by Tims.Technische.Analyse.
SILVER (XAGUSD) Your Detailed Trading Plan 🪙 Hey traders, Silver is trading in a bearish trend. After a recent retracement, the market formed a cute head and shoulders pattern on 4H. 21.28 - 21.47 is its neckline. Wait for 4H candle close below that as your confirmation to sell. Then open short aggressively or on a retest. Goals will be 20.93 / 20.7 Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
7
Silver: CircuitousSilver seems to prefer things a bit more complicated, and thus has made a detour back above the mark at $21.25. However, as long as it stays below the resistance at $22.56, we still expect silver to directly continue the descent below $21.25 and into the lower orange zone between $18.78 and $16.88, where the overarching downward movement should end. There is a 38% chance, though, that silver could expand the detour above the resistance at $22.56. In that case, it should rise until the upper edge of the orange strip between $22.74 and $23.46 before resuming the descent.
COMEX:SI1!Short
by MarketIntel
1
SILVER (XAGUSD) Update & Time to Fall 🪙 As you remember, we spotted a bearish breakout of a rising wedge pattern on Silver yesterday. Today we see a retest. Retesting a broken support of the wedge, the market formed a descending triangle formation on 1H time frame. It is a solid confirmation and it may trigger a bearish continuation. Initial target - 21.7 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
15
SILVER (XAGUSD) Great Trading Setup For Today🥈 Hey traders, After a bearish breakout of a key level on a weekly, I was looking for shorting opportunities on Silver. Nicely recovering the market reached a strong horizontal structure yesterday. On 1H time frame, the market formed a head and shoulders pattern. 21.51 - 21.55 is its horizontal neckline. To short with a confirmation, wait for an hourly candle close below that. Then sell aggressively or on a retest. Goals will be: 21.25 21.0 If the price sets a new higher high on 1H, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
5
SILVER (XAGUSD) The Zone to Watch 🥈 Last week we spotted a confirmed breakout of a major weekly structure on Silver. Now, as the market is recovering, I am preparing to short. The zone from where I will look for selling opportunities is based on a confluence between fib retracement levels and horizontal structure. Let the price reach 21.8 - 22.2 supply area. Then wait for a confirmation within to sell. Your initial target will be 20.7 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
13