Just thought I'd try posting a daily report. This is the first of hopefully many more. Let's see ow long I can do this. At some point, (hopefully soon), I will be placing a swing trade. That is lasting a week or two.
A move similar to magnitude of Spring 2020 is lining up, with bullish tilt. ready, set, GO! The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
AMEX:SLV Bullish Ascending Triangle Chart Pattern. A "bullish triangle pattern" is a continuation pattern commonly observed in technical analysis. It is formed by converging trend lines that connect a series of higher lows and relatively equal highs. This pattern indicates a temporary consolidation phase within an ongoing uptrend, often followed by a resumption...
(Using 3-Day candles for visibility only. Consult weekly/daily yourself) I have an open call on Gold in that I believe a new high will be set, but it won't actually be bullish, because metals are going to dump pretty hard in the future and try to make retail sell their bullion. Gold - When A New ATH Prints, Will You Get Trapped? I hadn't paid a lot of...
SILVER is getting very close to a strong technical support at $22. It coincides with the lower trend line of the parallel channel (white) and also a lot of pivot lows at this level.. Short term traders can buy it at $22 for a quick bounce to $23.. Aggressive traders can hold till $24.. If $22 support fails, next support level is $21.23.. keep it tight stop loss..
In the chart below I am making the case that we are in the 3 of (3) of wave and that means the downtrend should accelerate any moment and go straight down without much bounce. All the bouncing was presumably done during the last week on the CPI news. The channel provided for indicative purposes. Its recline will to be set by wave bottom.
Silver has been trading inside of a falling wedge since April 2022, battered by an increasingly-hawkish fed. Despite a formidable collapse in the biggest inflation driver, oil, CPI and PPI reports are shaping up to be a continuation of the trend; worsening inflation. With any weakness in oil likely to be temporary given our macro environment, it's easy to...
AGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great uptrend from which it pivoted down in a 50% Fib. retracement which took two months to complete. After a bit of consolidation and sideways channeling, it has finally launched into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning indicator...
In the previous week's update, I highlighted enough certainty to go long because of the ending diagonal (C) of in the chart below. We spent the entire week creating the opening move, which I've labelled wave A or (1) below. There is no preferred structure at this moment, and the complexity of the scenarios should remain on the chart. However, I can somewhat...
It's not that I am fundamentally bearish on gold. Actually, I am fundamentally bullish on gold. But it's because I think the fundamentals of gold are bullish that this commodity is not bound to pump while the MMs have tipped their hands that they're going to sell Artificial Intelligence and Chinese Communist Party garbage to a willing horde of retail zombies and...
Not long ago we mentioned the current strength in the US #DOLLAR. Since then TVC:DXY has slowly crept higher and it is testing the downtrend. Head & Shoulder top pattern is likely done. It is taking to long & pattern has been in place. 🚨🚨🚨 This is the 1st time that the US Dollar has not broken this major support level in the month it retested! IS it really...
After a strong bearish movement, we could see a bullish movement! Entrance= 22.24 SL=23.33 TP=21.5
Silver ETF (SLV) is exhibiting bearish momentum on its daily chart. Price has been rejected twice under the yellow resistance trendline. Oscillators are also starting to lean bearish. Potential downside targets (short-term) could be -5% to -10% down. Bearish Target(s): $22.33, $20.86. However, if price breaks out and holds above $24, this idea would be negated.
I've not been doing a lot of technical analysis, but I really don't even need to keep up with it! I just come back every few months or years and check out my pitchforks. They're always giving me such an interesting perspective into the market. If my pitchforks align with my love for Wyckoff Cycles (forextraininggroup.com), I trade those. Today, for no reason, I...
Can you preserve your capital and earn #yield The #crypto market still offers opportunities to do so. Both #gold and Silver are undervalued on a historical basis, and provide places to hide capital during times of #economic uncertainty ... a neutral asset. But #bitcoin the versus #gold debate will rage for the next decade ... owning both is a good hedge....
Looking for SLV to give back some of its gains as it does some backing and filling. Think the dollar bounces here offering a challenging environment for precious metals.
Just a look at where it's been, and where it can go based on where it's been. Entering one of the oldest seasons we have; realization and dependence on basic things like service and what we use the most. Typically, materials like rocks bring value, cause governments and government made cash doesn't. This season will be different than all others. What has held...
Silver is looking like a high probable short opportunity. its already very extended and overbought, but it may want to tag or pierce the orange trendline.