Silver | Week 43 - 1hr chart | Futures

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Silver | Week 43 - 1hr chart | FuturesSilverTVC:SILVERChartGalleryMultiple timeframe analysis through 8 timeframes. Black = Year, Pink = Month, Grey= Week, Red = Day, Orange = 4HR, Yellow = 1HR, Blue = 15min, Green = 5min. Strength favors the higher timeframe. (BS) means Backside of a support range. (FS) Means Frontside of a support range. *_They are the first and last distribution candles in a distribution range and they represent Support. (Inv. BS) means Inverse Backside. (Inv. FS) means Inverse Frontside. *_They are the first and last accumulation candles in an accumulation range and they represent Resistance. ***Price Action T.A. is built on the premise that - when price is below an accumulation range, it will act as resistance to price. When price is above a distribution range, it will act as support for price. **A Range is defined as two or more consecutive color candles; thus creating accumulation ranges and distribution ranges. A single candle is a range on a lower timeframe - find it. "Range finding" is important. Finding the range and defining its boundaries helps identify entry, risk, and profit targets with a methodology that is data driven by dates and price's of the candles creation. Also, the (BS) of the range and the (FS) of the range have different expectations to price action. *_ The Backside of the range is where price enters the range. The expectation that liquidity is waiting at the entrance should cause candles to create long wicks to and away from this level creating high angle trends and f.v.g's. If that is not seen, price action will enter the range targeting the (FS) frontside where the expectation is low angle accumulation trends, wedges and ladders of accumulation supporting price until a trend break out and or price can get above the (BS) candle to confirm the accumulation and gain volatility. Same for the Inverse levels/ranges but they form distribution trends and reversals. That's Candle Science TA.