🥈 Silver Technical Analysis – H1

Silver, after a bearish BOS and a relatively sharp drop, has reacted positively from the demand zone and is now trading around 60.11 near mid resistance. In the current structure, this move looks more like a pullback, as price is sitting on the short‑term descending trendline and the reaction to the 60.70 area can define the next market direction.

Key Levels:
⏺Key Resistance: 62.30
⏺Intermediate Resistance: 60.70
⏺Key Support: 59.00

📈 Bullish Scenario:
If the price can hold above 60.70 and push strongly higher through the short‑term descending trendline, the upside move toward the 62.30 supply zone becomes more likely.

📉 Bearish Scenario:
If the price fails to break 60.70 and faces renewed selling pressure, a downside move back toward the 59.00 demand zone is more likely.

#Silver #analysis

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Created by Alexander Elder back in 1985, this strategy remains one of the most effective ways to filter signals and stay aligned with the market trend.

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Apply oscillators like RSI/Stochastic to spot pullbacks against the trend. That’s where opportunities appear.

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📊 Triple Screen Trading Strategy

Created by Alexander Elder back in 1985, this strategy remains one of the most effective ways to filter signals and stay aligned with the market trend.

✅ Screen 1 – Weekly (Trend)

Use MACD or Moving Averages to define the big picture. Find the trend here!

✅ Screen 2 – Daily (Correction)

Apply oscillators like RSI/Stochastic to spot pullbacks against the trend. That’s where opportunities appear.

✅ Screen 3 – H4/H1 (Entry)

Zoom in for precise entries. Look for breakouts, candlestick signals, or support/resistance touches and set your risks (TP and SL).

⚡️ Idea: Ride the tide (trend), enter on the wave (correction), and time the ripple (entry).

✅ A proven strategy for decades that blends discipline, risk control, and clarity.

🔍 The essence of the approach is multiple confirmations of one’s idea, from a larger to a smaller timeframe.

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