Original subtitles

0 Hello and welcome, guys, to the next video where we're looking at a monthly chart of silver against 1

US dollar. 2

Starting from the top, I will label all the key support and resistance levels. 3

This is the first level with more than five price touches on a monthly chart of silver. 4

This is the second level, which is also acting as a major support on recent price action, and it also 5

has multiple price touches in the past. 6

Moving on, this is the third key technical level of support and resistance with more than six touches 7

over the last 10 years of price data. 8

And this is the next level around the present price activity, which is very obvious on this price chart. 9

Similarly, I will label the rest of these levels and also count the number of price overlaps 10

with each level. 11

Finally, this is the last level that I will plot on this chart before we advance to smaller timeframes 12

to look for trading opportunities. 13

On daily charts and 4-hour, guys, I want you to pay attention now. 14

There are possible two support and two resistance zones each. 15

This support and resistance zone is to take advantage of the larger sideways movement on daily chart, 16

whereas on 4-hour charts, another smaller sideways price activity can be observed using the in-between levels 17

of support and resistance. 18

It is based on this level on 4-hour chart that I will be looking to trigger a sell entry once my analysis 19

signals a trend reversal. 20

This is also a perfect example of how to you use different time frames within one instrument as a part 21

of my support and resistant trading strategy portfolio. 22

It is only because of the major levels which I plotted on the monthly charts that I can position myself 23

for timely entries on both 4-hour and daily chart. 24

Guys, this also concludes the top-down analysis on Silver, and I will see you in the next video.