Silver is at a support zone right and has another one below.
Really ought to bounce a little here, or maybe even reverse?
NOTE: I do not know anything about this market, only charts.
My methods project support and resistance zones.
I do trade many assets based on this methodology.
Silver admittedly is not a market I follow or trade.
14.27 - 14.39 is immediate support which might bounce it.
14.08 - 14.13 is next support which bulls really need to bounce.
14.86 - 14.90 will be first resistance, a good place to take profit.
.
See some of my other Trade calls below.
I also plot Crypto and some Stocks, check my Profile Page.
DXY top call (Upthrust warning just in time)
SPX recent top (Fib extensions at work)
XAU.USD long to short (recent perfect entries)
USD.JPY short to long (recent perfect entries)
EUR.USD long term Short (the very tippy-top a year ago)
AUD.USD long term Short (almost at a long term target now)
Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Really ought to bounce a little here, or maybe even reverse?
NOTE: I do not know anything about this market, only charts.
My methods project support and resistance zones.
I do trade many assets based on this methodology.
Silver admittedly is not a market I follow or trade.
14.27 - 14.39 is immediate support which might bounce it.
14.08 - 14.13 is next support which bulls really need to bounce.
14.86 - 14.90 will be first resistance, a good place to take profit.
.
See some of my other Trade calls below.
I also plot Crypto and some Stocks, check my Profile Page.
DXY top call (Upthrust warning just in time)
SPX recent top (Fib extensions at work)
XAU.USD long to short (recent perfect entries)
USD.JPY short to long (recent perfect entries)
EUR.USD long term Short (the very tippy-top a year ago)
AUD.USD long term Short (almost at a long term target now)
Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Note
So we got the bounce as expected, right into the resistance target above .
Note
Breakout successful. Now looks ready for pullback though .
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.