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Si1! (Silver Futures)

Every rally starts with a short coverPlatinum has been trending lower for more than four months, the March peak, and is finally showing signs of a potential bottom. Yesterday's whipsaw helped complete the right shoulder of an inverse head and shoulders pattern. Upon doing that, it also back-tested the trend line from its June peak, holding it as support perfectly. The large range consolidation over the last three days created a flag-like pattern, brining a coiling of strength to help pierce through the 21-day moving average this morning. The cherry on top is that Managed Money, hedge funds, have been net-short Platinum. This tells us that upon strength there will be short-covering. Not only in Platinum but SIlver and Gold too. In fact, Managed Money went net-short Gold as of last Tuesday for only the second instance in history. The first was at the exact 2015 low and the second was in the later innings of the 2018 sell-off. Managed Money going net-short metals is a contra indicator.
NYMEX:PL1!Long
by bill_blue_line
XAGUSD Maybe temporary bounce unless the 1D MA50 breaks.Silver (XAGUSD) has been on a short-term rise since the May 13 Low. The long-term pattern is a Channel Down since May 18 2021, so practically a whole year of Lower Highs and Lower Lows. The recent one, isn't a solid Lower Low however, in fact it resembles the August 09 2021 Low, which despite a short-term rise, it failed exactly on the 1D MA50 (blue trend-line) and got rejected to a Lower Low. It was only when the price later broke above the 1D MA50 that the uptrend was sustained and eventually made a new Lower High. As a result, with the 1D Death Cross imminent (when the 1D MA50 crosses below the 1D MA200), it is best to buy either on the exact bottom (Lower Lows) trend-line of the Channel Down or if the 1D MA50 breaks first. Notice how in the rise to the Lower High, the 1D MA200 (orange trend-line) also rejected the uptrend twice. Keep those in mind if you engage into long-term trading within this pattern. It is also important to have the 1W RSI Resistance and Support Zones in the equation. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSD
by TradingShot
2
Silver Futures ( SI1!), H4 Potential for Bullish BounceType : Bullish Bounce Resistance: 23.870 Pivot: 23.280 Support : 22.875 Preferred case: Price is near to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 23.280 in line with 138.2% Fibonacci extension towards our 1st resistance level of 23.870 which is in line with 23.6% Fibonacci retracement. Alternative scenario: Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 22.875 in line with 161.8% Fibonacci extension, 100% Fibonacci projection and -27.2% Fibonacci expansion. Fundamentals: No major news.
COMEX:SI1!Long
by Genesiv
Silver Futures (SI1! ), H1 Potential for Bearish DipType: Bearish Dip Resistance: 26.415 Pivot: 26.160 Support: 25.835 Preferred case: We see the potential for a bearish dip from our pivot at 26.160 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st support at 25.835 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection. Alternative scenario: Alternatively, price might break our pivot structure and head for 1st resistance at 26.415 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection. Fundamentals: No major news.
COMEX:SI1!Short
by Genesiv
Silver: Tenacious B 🐻The rock band “Tenacious D” consisting of Jack Black and Kyle Gass must soon face competition, namely from “Tenacious B”. The bears on the silver market have rightfully earned this name by perseveringly dragging silver further down despite recurrent countermovement. The expression “to bear up” doesn’t exist for nothing, after all! We expect the bears to keep going and to lead silver below the support at $21.98 and into the lower orange zone between $21.39 and $20.27, where wave iii in orange should end. The following countermovement in wave iv in orange into the upper orange zone between $22.90 and $23.52 should serve as a booster for the greater downwards movement, which should then continue below $21.98.
COMEX:SI1!Short
by MarketIntel
GOLD🥇 triangle breakoutXAUUSD seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 2210 and even higher. Setting BUY STOP-LIMIT order to catch the breakout. GOLD come on! ENTRY : local high @ 1877 STOPLOSS (SL) : local low @ 1753 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 2210 REWARD RISK RATIO (RRR) : 2.7 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
FX_IDC:XAUUSDLong
by bizmark
7
XAGUSD Pull-back are a buy to $29.00 - 30.00What was set in motion last October when the price rebounded on the 1W MA100, is taking place now, as Silver (XAGUSD) broke above its 1W MA50. On the shorter time-frame of 1D (current chart), the price appears to be replicating the December 2020 aggressive rise, which initially reached almost the 0.786 Fibonacci retracement level (28.000) and after a 1D MA50 (blue trend-line) pull-back, tested the 30.000 Resistance. This time, the rally broke above the 1D MA200 (orange trend-line) for the first time since July 16 2021. Our long-term strategy is to buy every pull-back up to the 1D MA50 and look to book profits within the 29.000 - 30.000 Zone. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAGUSDLong
by TradingShot
Silver lags for now, wait for it...dg78 asked me about Silver... so a quick look here. The Silver Weekly chart is lagging Gold, but does appear to consolidating since mid 2021. Trendlines are tilting downwards as price appear to be testing harder each time. Last week closed above the 55EMA on a nice looking bullish candle that gapped up and pushed to close above the 55EMA. MACD in this instance is also about to cross into the bullish zone. Lagging Gold, but can turn up fast, like previously. The Monthly chart shows a pennent/flag pattern with the long term target of about 41.20 in mid-2023. Noted that the retracement since the Aug 2020 top did not reach the 55EMA as a support, which can be viewed as a bullish bias indication. Not yet ripe, but when it runs, it should run fast with much potential, IMHO...
COMEX:SI1!
by Auguraltrader
1
Silver: Into the Green 🌱 🌿Silver needs to relax a bit and as its last foray into the green was too short to enjoy, it has treated itself with another trip. We expect silver to extend the stay until the upper edge of the green zone between $23.69 and $24.43, where it should finish wave 2 in green. Then, it should turn around and leave the green zone to go down below the support at $21.94 and afterwards even further below $21.41. Still, there is a 38% chance that silver could surmount the green zone and rise above the resistance at $24.75. If it makes it even above $25.49 afterwards, it should continue the ascent.
COMEX:SI1!Short
by MarketIntel
Silver 12y BULLFLAG, stay tuned for the seriesNext target is $40, that's coming out of the IH*S internally. IS a conventional bullflag. Have a core downchannel, now building on that support to the top-right corner to BO. DOn't expect whips below core channel - UNLIKE 1y silver consolidation, 1y sideways continuation pattern, no structure HENCE needed to hit the bottom-right corner to generate the power for the upmove. Tee purple is the actual flag boundaries, so break that and ka-pow! But before then, expect ~$40 then a backtest. Wait annd see teh next few piccies. YOur mind gonna be blown!
COMEX:SI1!
by UnknownUnicorn13172879
1
Silver10.1.21 SILVER : This is what a good reversal pattern looks like in my opinion. Ideally, we'd like to get long at the bottom, and now I'm showing you the chart a day later, and a day late. In a practical sense what the market did after he made a low helps define the reversal pattern. Therefore it may be forgivable that we give up precious points because we weren't there for the bottom, or we didn't have conviction that it really was a bottom until it moved higher. But this video has some more important message because the behavior of this market before it made that final move lower to a reversal bar... Which is always going to be a factor as long as you trade "why didn't I get in at the very bottom"..... the video is about battling the market when it was contracted for a week or more and all the things that are going to frustrate you, set you up to make bad trading decisions in a very unclear, contracted market, and cost you a lot of money and even cost you more psychological capital. The video will explain further. Training is not an easy business, one of your greatest liabilities is your propensity to make trading decisions in an unclear market, and not knowing what the signs are for this kind of market. The market's message isn't always clear, and it's not always intuitive, and this is where you may want to spend time looking for the connection which helps you make better trade decisions... and this includes holding off from a trade until you find the clue that increases your probability for success.
COMEX:SI1!
by ScottBogatin
2
8 August=silver have buy too sl=low 23.63 can silver create this green butterfly ? after analyse eurusd , dollar index we belive ,predict with zigzag silver will grow to fibo 61% 26.700 if silver break low 23.60 can crash to 21.26 (put buylimit ,after open hold it 20-30 day to high ,dont close soon) ADVICE= dont pick sell signals ,looking for buy in deep and close on high , silver , gold if 100$ go down,200$ will go up , for this stand on buy side but with very low size and SL note=our target is 30$ , soon or late silver must see 30$ big trend
FX:XAGUSDLong
by ramin_trader2006