All language subtitles for 4. Silver Spot Top-Down Support and Resistance Analysis

Hello and welcome, guys, to the next video where we're looking at a monthly chart of silver against
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US dollar.
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Starting from the top, I will label all the key support and resistance levels.
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This is the first level with more than five price touches on a monthly chart of silver.
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This is the second level, which is also acting as a major support on recent price action, and it also
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has multiple price touches in the past.
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Moving on, this is the third key technical level of support and resistance with more than six touches
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over the last 10 years of price data.
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And this is the next level around the present price activity, which is very obvious on this price chart.
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Similarly, I will label the rest of these levels and also count the number of price overlaps
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with each level.
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Finally, this is the last level that I will plot on this chart before we advance to smaller timeframes
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to look for trading opportunities.
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On daily charts and 4-hour, guys, I want you to pay attention now.
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There are possible two support and two resistance zones each.
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This support and resistance zone is to take advantage of the larger sideways movement on daily chart,
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whereas on 4-hour charts, another smaller sideways price activity can be observed using the in-between levels
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of support and resistance.
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It is based on this level on 4-hour chart that I will be looking to trigger a sell entry once my analysis
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signals a trend reversal.
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This is also a perfect example of how to you use different time frames within one instrument as a part
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of my support and resistant trading strategy portfolio.
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It is only because of the major levels which I plotted on the monthly charts that I can position myself
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for timely entries on both 4-hour and daily chart.
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Guys, this also concludes the top-down analysis on Silver, and I will see you in the next video.