Silver (XAG/USD) : Uptrend with Elliott Waves, SMC, and Volume

7 天前

Silver (XAG/USD) : Uptrend with Elliott Waves, SMC, and Volume
1. Identify Trends using Dow Theory
Primary Trend:

The current primary trend is an uptrend, characterized by higher highs and higher lows.

Volume Confirmation:

High-Volume Nodes (HVNs): Around the $30.22985 and $30.4049974 levels, indicating strong areas of support and resistance.

Low-Volume Nodes (LVNs): Identified below $30.0547026 and above $29.8053402, suggesting potential areas of rapid price movement.

2. Label Elliott Wave Structures
Impulse Waves (1-5):

Wave 1: From $30.9732 to $30.4049974

Wave 2: Correction to $30.22985

Wave 3: From $30.22985 to $30.7933

Wave 4: Correction to $30.4049974

Wave 5: From $30.4049974 to $30.4540 (current price)

Corrective Waves (A-B-C):

Wave A: From $30.7933 to $30.4049974

Wave B: Retracement upwards

Wave C: Continuation of the decline

Validation Using Fibonacci:

Key Fibonacci levels are marked at 0.382 ($30.4049974), 0.5 ($30.22985), 0.618 ($30.0547026), 0.705 ($29.9255685), and 0.786 ($29.8053402).

Volume Profile Integration:

Assess the strength of each wave by observing volume concentration during each wave.

3. Apply Smart Money Concepts (SMC)
Liquidity Zones:

Point of Control (POC): Around $30.4049974, indicating significant price acceptance.

Value Areas: Between $30.4049974 and $30.22985.

Break of Structure (BOS):

BOS noted at $30.4049974, indicating a potential trend shift.

Stop Hunts:

Possible stop hunts around the $30.4049974 level, where the price briefly dips below support.

Accumulation and Distribution:

Using Volume Profile to locate areas of accumulation and distribution.

4. Formulate Buy/Sell Strategies
Buy Strategy:
Entry: Around $30.4049974 (support level and potential stop hunt area).
TP1: $30.7933 (previous high).
TP2: $30.9732 (resistance level).
SL: Below $30.4049974 (e.g., $30.0547026).

Sell Strategy:
Entry: Around $30.9732 (resistance level and POC).
TP1: $30.4049974 (support level).
TP2: $30.22985 (previous support).
SL: Above $30.9732 (e.g., $31.1000).
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This comprehensive analysis incorporates multiple advanced strategies to identify potential trading opportunities for Silver (XAG/USD), integrating Dow Theory, Elliott Wave Theory, Smart Money Concepts (SMC), and Volume Profile analysis. If you have any further questions or need more details, feel free to ask!

6 天前

交易進行

Buy Strategy:
Entry: Around $30.4049974 (support level and potential stop hunt area).