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

29 gen

SILVER 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!

29 gen

Trade attivo

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