SPY/QQQ Plan Your Trade For 4-3 : GAP Breakaway PatternFirst off, thank you for all the great comments and accolades related to my calling this breakdown (nearly 60+ days ago).
Did I get lucky having these new tariffs announced, causing the markets to break downward? Probably.
Did my research suggest the markets were going to break downward anyway? YES.
Did my research predict these tariffs? NO.
My research is specifically price-based. You'll notice I don't use many indicators, other than my proprietary price pressure and momentum indicators.
The purpose of what I'm trying to teach all of you is that price is the ultimate indicator. You can use other indicators if you find them helpful. But, you should focus on the price chart and try to learn as much as you can from the price chart (without any indicators).
Why, because I believe price tells us everything we need to know and we can react to price more efficiently than getting confused by various technical indicators.
At least, that is what I've found to be true.
Today's pattern suggests more selling is likely. After the markets open, I suggest there will be a bunch of longs that will quickly be exited and shorts that will be exited (pulling profits). Thus, I believe the first 30-60 minutes of trading could be extremely volatile.
My extended research suggests the markets will continue to try to move downward (over the next 60+ days) attempting to find the Ultimate Low. But, at this point, profits are profits and we all need to BOOK THEM if we have them.
We can always reposition for the next breakdown trade when the timing is right.
Gold and Silver are moving into a PANIC selling phase. This should be expected after the big tariff news. Metals will recover over the next 3-5+ days. Get ready.
BTCUSD is really not moving on this news. Kinda odd. Where is BTCUSD as a hedge or alternate store of value? I don't see it happening in price.
What I do see is that BTCUSD is somewhat isolated from this tariff news and somewhat isolated from the global economy. It's almost as if BTCUSD exists on another planet - away from global economic factors.
Still, I believe BTCUSD will continue to consolidate, attempting to break downward over the next 30+ days.
Remember, trading is about BOOKING PROFITS and moving onto the next trade. That is what we all need to focus on today.
Get Some.
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Silver
Silver Breakdown: Rising Wedge Bearish Move Towards Target1. Chart Overview
This 4-hour (H4) chart of Silver (XAG/USD) shows a clear Rising Wedge Pattern, a bearish technical formation. The price action recently broke below the lower support trendline, confirming a downside move. Several key levels, indicators, and trading strategies can be derived from this setup.
2. Identified Chart Pattern: Rising Wedge (Bearish Reversal)
A Rising Wedge is a pattern that forms when price consolidates between two upward-sloping trendlines, with the support line rising at a steeper angle than the resistance line. This pattern is considered bearish because it signals weakening buying pressure and an impending breakdown.
Uptrend Formation: The price had been moving within a wedge, forming higher highs and higher lows.
Volume Considerations: A wedge breakout is often accompanied by increasing volume, further confirming the trend shift.
Breakout Confirmation: The price has decisively broken below the lower boundary of the wedge, indicating that sellers are taking control.
3. Key Technical Levels & Trading Strategy
Resistance Level (Rejection Zone) – $34.00 - $34.50
The upper boundary of the rising wedge acted as strong resistance.
Multiple price rejections confirm sellers' dominance in this area.
Any future retest of this level may provide a new opportunity for short entries.
Support Level (Broken & Retested) – $32.50 - $32.80
This zone previously acted as strong support, preventing price from falling lower.
Now that price has broken this support level, it could act as resistance if a retest occurs.
A confirmed rejection here will further validate the bearish outlook.
Stop Loss Placement – $34.16
A logical stop-loss placement is slightly above the previous swing high and resistance area.
If price moves above this level, it would indicate that the breakdown has failed, invalidating the bearish setup.
Bearish Target – $30.76 (Measured Move Projection)
This level is derived from the height of the rising wedge pattern projected downward.
The area around $30.76 aligns with a previous support zone, making it a reasonable target for the current breakdown.
4. Price Action & Future Expectations
Current Market Sentiment: Bearish
The break below the wedge confirms a bearish sentiment.
A slight retracement to the previous support (now resistance) around $32.80 - $33.00 is possible before further downside.
If selling pressure remains strong, Silver is likely to reach the $30.76 target in the coming sessions.
Alternative Scenario: Bullish Recovery
If the price moves back above $34.16, the bearish outlook is invalidated.
A sustained move above this level could indicate a false breakdown and may push Silver toward new highs.
5. Trading Plan Based on This Setup
🔹 Entry Strategy:
Look for a retest of the broken support zone ($32.80 - $33.00) to enter short positions.
A rejection from this level with bearish confirmation (e.g., a bearish engulfing candle) strengthens the trade setup.
🔹 Stop Loss:
Placed above the wedge resistance at $34.16 to protect against false breakouts.
🔹 Take Profit Targets:
First Target: $31.50 (intermediate support level)
Final Target: $30.76 (measured move projection of the wedge)
6. Conclusion
This Rising Wedge Breakdown on Silver’s H4 chart presents a strong bearish trading opportunity with a well-defined risk-reward ratio. The break below key support signals continued downside, with $30.76 as the next major target. However, traders should monitor any retest of the broken support zone to confirm further selling momentum before entering new positions.
Silver H4 | Overlap support at 50% Fibonacci retracementSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 32.69 which is an overlap support that aligns with the 50.0% Fibonacci retracement.
Stop loss is at 31.70 which is a level that lies underneath a swing-low support.
Take profit is at 34.02 which is a swing-high resistance.
High Risk Investment Warning
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Silver could drop 2k+ pipsSilver has been on the rise recently, but unlike its big brother, Gold, it started rolling back down on Friday—even as Gold continued to print new all-time highs, culminating at 3,150 yesterday.
This divergence between the two metals could be an early sign that Silver is losing momentum.
________________________________________
Technical Signs of Weakness
📉 Rising Wedge Formation – Since early March, Silver’s price has been contained within a rising wedge, a classic bearish pattern signaling an impending breakdown.
📉 Testing Key Support – Right now, the price is hovering above wedge support. If Gold fails to hold above 3,100, I expect Silver to break down as well.
________________________________________
Targeting the Breakdown
If Silver breaks below support, I expect:
🎯 Initial target: $32
🎯 Final target: $31 (a key support zone)
Trading Plan: Selling the Rallies
Given the current setup, my strategy is to sell into rallies, aiming for at least a 1:2 risk-reward ratio.
Let’s see if Silver follows through on this bearish setup! 🚀
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.
Using The CRADLE Pattern To Time/Execute TradesThis simple video highlights one of my newest pattern definitions - the Cradle Pattern.
In addition to the many other patterns my technology identified, this Cradle Pattern seems to be a constant type of price construct.
I'm sharing it with all of you so you can learn how to identify it and use it for your trading.
Ideally, this pattern represents FLAGGING after a trend phase.
It is a consolidation of price within a flag after a broad trending phase.
It usually resolves in the direction of the major trend, but can present a very solid reversal trigger if the upper/lower pullback range is broken (see the examples in this video).
Learn it. Use it.
Price is the ultimate indicator.
Learn to read price data more efficiently to become a better trader.
Get some.
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Silver (XAG/USD) - Bearish Breakdown from Rising Wedge!Market Overview:
The Silver (XAG/USD) 1-hour chart reveals a Rising Wedge pattern, which is a well-known bearish reversal formation. This suggests that the recent bullish trend is losing momentum, and a breakdown could lead to a significant price decline.
🔹 Key Technical Analysis
1️⃣ Rising Wedge Formation & Breakdown
The price has been moving within a rising wedge, characterized by higher highs and higher lows but with weakening momentum.
A breakdown has occurred, confirming the bearish structure as the price has failed to sustain higher levels.
Historically, when a rising wedge breaks to the downside, price tends to drop by the same height as the wedge itself, which aligns with our projected target zone.
2️⃣ Price Action & Retest Possibility
After the breakdown, a retest of the broken wedge support (now resistance) around $33.50 - $33.80 could provide a potential short-selling opportunity.
If price fails to reclaim the wedge support, further downside pressure is expected.
3️⃣ Downside Target & Support Zone
The measured move suggests a decline towards the $31.00 - $30.60 region, which coincides with a strong historical support zone.
This area is highlighted as a potential profit-taking level for short trades.
📉 Trading Plan - Short Setup
🔸 Entry: Look for a rejection from the $33.50 - $33.80 zone (previous wedge support, now resistance).
🔸 Stop Loss: Above $34.00 to protect against false breakouts.
🔸 Take Profit: $31.00 - $30.60 (previous demand area).
🔸 Risk-Reward Ratio: Favorable setup, ensuring proper risk management.
🛑 Risk Factors to Consider
⚠️ If Silver regains strength and breaks back above $34.00, it could invalidate the bearish breakdown and shift momentum back to the upside.
⚠️ Macroeconomic events such as inflation data, Fed speeches, or geopolitical factors could influence price action unpredictably.
SPY/QQQ Plan Your Trade Update Update For 4-2 : ConsolidationThis quick update shows why I believe the SPY/QQQ will struggle to make any big move as long as we stay within the 382-618 "Battle Zone".
The SPY continues to rally up into this zone and stall out. If the SPY stays within this zone, I believe the markets will simply roll around in a tight range and go nowhere today.
Thus, I published this article to warn traders not to expect any big trends until we breakout - away from this Fibonacci "Battle Zone".
You can't kick the markets to make it go anywhere. And, unless you are trading very short-term swings in price - you are probably better off sitting on the sidelines waiting for a broad market trend to establish.
This is a warning. As long as we stay in the Fibonacci "Battle Zone", price will struggle to build any major trend.
So, play your trades accordingly - or just take a break from trading while you wait for the markets to roll out of the "Battle Zone".
Get some.
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SPY/QQQ Plan Your Trade For 4-2 : GAP Reversal Counter TrendToday's pattern suggests price may attempt to move downward in early trading, trying to find support near recent lows, then potentially roll a bit higher.
I do expect price to move into a downward price trend - attempting to break below the 549 price level and targeting the 535-545 target Fib level this week.
Today, Thursday, and Friday are all GAP/Breakaway types of patterns. So we should be entering an expansion of price trend and I believe that trend will be to the downside.
Gold and Silver are nearing a Flag Apex level. Very exciting for a potential breakout rally driving Gold up above $3250 and Silver up above $36.
I personally believe there is nothing stopping Gold and Silver in this rally phase until Gold reaches levels above $4500. GET SOME.
BTCUSD had a very interesting spike low. I still believe BTCUSD will roll downward - targeting the $76-78k level, then break downward towards the $60k level. Time will tell.
The rest of this week should be very exciting with the Breakaway and GAP patterns.
Get some.
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SILVER Will Go Higher! Buy!
Please, check our technical outlook for SILVER.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 3,378.2.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 3,425.6 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.
Like and subscribe and comment my ideas if you enjoy them!
SILVER Trend Following Long! Buy!
Hello,Traders!
SILVER is trading in an
Uptrend along the rising
Support line and the price
Is about to retest it so
We are bullish biased
And after the retest we
Will be expecting a
Further bullish rebound
And a move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
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 For 4-1-25 : Temp Bottom PatternToday's pattern suggests the SPY/QQQ will attempt to find temporary support near recent lows or a bit lower.
I'm not expecting much in terms of price trending today. I do believe the downward price trend will continue today with the SPY attempting to move down to the 548-550 level trying to find support.
The QQQ will likely attempt to move downward toward the 458-460 level trying to find the support/base/bottom level today.
Gold and Silver are in a moderate consolidation phase that I believe is transitioning through a Flag-Trend-Flag-Trend-Flag-Trend type of phase. Ultimately, the trend will continue to push higher through this phase as metals have moved into the broad Expansion phase. This phase should see gold attempt to move above $4500+ before the end of May/June 2025.
BTCUSD is rolling within the 0.382 to 0.618 Fibonacci price levels related to the last price swing. I see this middle Fib level and the "battle ground" for price. I expect price to stall, consolidate, and roll around between these levels trying to establish a new trend.
Thus, I believe BTCUSD will move downward, attempting to move back down to the $78,000 level.
Nothing has really changed in my analysis except that we are experiencing a 48-96 hour consolidation phase before we move back into big trending.
Play smart. Position your trades so that you can profit from this rolling price trend and prepare for the bigger price move downward (targeting the bigger base/bottom near April 15, 2025).
Get some.
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SPY/QQQ Plan Your Trade EOD Update : Rejecting The BreakdownDoes this big rejection bar mean the selling trend is over?
I doubt it.
In my opinion and experience, big rejection bars like this reflect a critical price level where the markets will attempt to REVISIT in the near future.
Normally, when we get a big rejection bar, like today, we are testing a critical support/resistance level in price and you can see the difference between the SPY, DIA and QQQ charts.
The QQQ price data is already below the critical support level and barely trying to get back above the rejection level. Whereas the SPY and DIA are still above the rejection lows.
I see this as a technology driven breakdown and because of the continued CAPTIAL SHIFT, we may move into a broader WAVE-C breakdown of this current trend.
I see the SPY already completing a Wave-A and Wave-B. If this breakdown plays out like I expect, we'll see a bigger breakdown in price targeting $525-535, then possibly reaching $495-505 as the immediate ultimate low.
If you follow my research, there is a much lower level near $465-475 that is still a likely downward target level, but we'll have to see how price reacts over the next 2+ days before we can determine if that level is still a valid target.
Watch for more support near recent lows tomorrow, then a potential breakdown in the SPY/QQQ/DIA.
Get some.
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SPY/QQQ Plan Your Trade For 3-31 : Carryover PatternToday's pattern suggests the SPY/QQQ will attempt to carryover Friday's selling trend.
I do believe the SPY/QQQ will attempt to find some support as we move into a Temp Bottom pattern tomorrow. So be aware that the SPY/QQQ may attempt to find support near 535-540/450-455 over the next few days.
I would also urge traders to not get very aggressive in terms of trying to pick a bottom in this downtrend.
In my opinion, I don't see any reason why anyone should be buying into this breakdown unless you are prepared to take a few big lumps. Just wait it out - wait for a base/bottom to setup.
Gold and Silver are moving higher and I believe this trend will continue for many weeks/months.
BTCUSD should continue to move downward - trying to establish the Consolidation Phase range.
As we move into trading this week. Be aware that Tuesday/Wednesday of this week are more ROTATION type days. They may be wide-range days - but they are still going to be ROTATIONAL.
Get some.
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Gold/Silver Ratio AnalysisGold (XAU/USD) currently trading at $3,118 has significantly outpaced Silver (
SILVER) at $34.07 since mid-March. This divergence has pushed the Gold/Silver ratio to elevated levels, creating a potential mean-reversion opportunity.
Looking at the chart, both metals maintained strong correlation through January-February 2025 before Gold began its dramatic acceleration in March-April. While both assets remain in strong uptrends, Gold's nearly vertical move in April suggests potential overextension relative to its historical relationship with Silver.
Trading Strategy
Consider a pairs trade setup:
SHORT Gold / LONG Silver at current ratio
Target: Reversion to 50-day moving average of Gold/Silver ratio
Stop: 2% additional expansion of current ratio
Risk Management
Key to this trade is position sizing that equalizes dollar exposure between the two positions. Use reduced leverage as precious metals volatility remains elevated across the complex.
TVC:XAU NASDAQ:XAG #PairsTrading
SILVER BEARS ARE GAINING STRENGTH|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,407.8
Target Level: 3,255.2
Stop Loss: 3,509.1
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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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XAGUSD Silver outlookThis is my current view on XAGUSD. I have a trade running which has a lose target starting around $36, but will be subject to change as the price action develops. I'm in silver for the chance that we see much higher prices than that!!. Trading spot is a small part of my exposure to the silver sector.
BRIEFING Week #13 : ETH offers perfect opportunityHere's your weekly update ! Brought to you each weekend with years of track-record history..
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The Greatest Opportunity of Your Life : Answering QuestionsThis video is an answer to Luck264's question about potential price rotation.
I go into much more details because I want to highlight the need to keep price action in perspective related to overall (broader) and more immediate (shorter-term) trends.
Additionally, I try to highlight what I've been trying to tell all of you over the past 3+ years...
The next 3-%+ years are the GREATEST OPPORTUNITY OF YOUR LIFE.
You can't even imagine the potential for gains unless I try to draw it out for you. So, here you go.
This video highlights why price is the ultimate indicator and why my research/data is superior to many other types of analysis.
My data is factual, process-based, and results in A or B outcomes.
I don't mess around with too many indicators because I find them confusing at times.
Price tells me everything I need to know - learn what I do to improve your trading.
Hope you enjoy this video.
Get Some.
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SILVER: Short Trade with Entry/SL/TP
SILVER
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short SILVER
Entry Point - 34.116
Stop Loss - 34.505
Take Profit - 33.483
Our Risk - 1%
Start protection of your profits from lower levels
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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Ride the Silver Surge: A Strategic Long-Term Trade Opportunity! 🚀 Silver: Bullish Setup Targeting $34.86 🚀
Silver presents a strong buy opportunity with bullish momentum building both technically and fundamentally. Here’s the updated setup:
Key Levels
Entry: $30.60
🎯TP1: $32.10
🎯TP2: $34.86
🛑 Stop Loss: $28.54
Why This Trade Looks Promising
1️⃣ Trendline Support: The price has rebounded strongly off a key ascending trendline, signaling continued bullish momentum.
2️⃣ Industrial Demand: Long-term demand for Silver is fueled by clean energy initiatives, including solar panels and EV production.
3️⃣ Bullish RSI: The RSI is trending upward, confirming growing buyer strength and potential for further price gains.
4️⃣ Long-Term Setup: This trade requires patience and is more suitable for traders with larger accounts, as the stop-loss is set wider to accommodate market fluctuations.
Market Context:
Silver remains fundamentally supported by rising industrial demand, inflation hedging, and the prospect of a weaker US Dollar in the months ahead. This longer-term setup aligns with both technical and macroeconomic trends, offering significant upside potential.
⚠️ Note: Please ensure this trade aligns with your account size and risk tolerance. For smaller accounts, a tighter stop-loss or different setup might be more appropriate.