Vladimir Ribakov breaks down a bullish silver setup for June 10, 2020. Silver has formed three higher highs and three higher lows after a correction, with SRS candles confirming momentum across multiple timeframes. A broken trend-line would invalidate the trade.
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Hello traders, how are you? Vladimir here from Traders Academy Club, and this video is a day trading idea and market analysis. Today we are on 10th of June 2020. I hope you are well and safe and everything is good on your side. And today on the list I have the silver. But before we dig into the details, if you are new to this channel, first of all, welcome to our fantastic community. I would like to invite you to subscribe to the channel. Just follow the subscribe button below this video and remember to enable the notification as well. I would like to invite you to join our trading club and to join our free Telegram channel. Both links could be found below this video in the description or in the comment section. Inside the pinned comment. And now let's begin with the silver. First of all, I'll start with that that my view here is that we are bullish. I personally would expect to see one more high. Just draw that one more high to be achieved ideally to this zone. And here is why. So first of all, on the previous week. We enjoyed a short-term bearish idea. It was right with these retraces. If you missed this view and you want to watch for technical explanation why, right now on the right top corner of the video you would find the direct link to this video so you can watch there. So we enjoy the corrective movement, and since then here is what happened: 3 higher highs, 3 higher lows. Back to the bullish trend, little ranging correction which was followed by another breakout. The way I see that, it's a good sign that we are heading for a top of the Bollinger and maybe even higher to clean these zones until this divergence would be completed. So little pullbacks from my point of view Should be bringing back the bulls to push the price higher. One thing I would be paying attention to is this trend line, because if we are watching on a bigger view, this could be the attempt to create 3 higher highs with a retrace, which means one leg, and that could be just ABCD. So in case the market, for whatever the reason is, retraces and breaking through, this trend line is important to pay attention to as a possible invalidation to the view. But as long as it didn't happen, my view remains bullish and I would expect to see the price pushing forward. Another very interesting confirmation for this bullish view is coming from the SRS candles. Look what happens here on the weekly candles, the daily candles, the SRS candles, uh, the trend defining, and the 4-hour chart candles, which after this correction and the breakout start to regain its bullish momentum as well. And combining with the trending structure that it develops as and with a clear invalidation plan. From my point of view, it looks very good bullish momentum and pressure, and I would expect to see the bulls taking the further control until the divergence would be completed. I don't know to say where it will be completed until this moment. I would be expecting the continuation. So let me know what do you think about the silver. Are you bullish, bearish? What's your expectation from this one to reach what levels? Also, if you find this video and generally such videos interesting, useful, educational, please show your support back. Hit the like button below this video. Your help is very much appreciated, and your support helps to the channel and helps me to keep doing this work for you. I would also love to remind you this video is completely free for the community, so feel free to share with anyone who you think could have a benefit by watching it. And for more trading ideas and live market analysis on daily basis, followed up with a full trading report. I invite you to join our club, the Traders Academy Club. The link could be found below in the description or in the pinned comment. Thank you very much for your time. I wish you a fantastic day, and I'll see you tomorrow with another idea.
