Once the resistance is broken, sky is the limited. Not financial advice.
SILJ : Are you bullish on Silver ? Beautiful rectangle pattern on junior silver miners . Traders could trade the top and bottom of the rectangle or wait for a break of USD 18. Potential target of 22 if we break bullish. Then we could see 30 if Silver breaks past USD30-35. Trade safe.
A long term cup & handle set up appears to be nearing breakout stage within the Silver Juniors & Silver Miners ETF's. A push above 29. for Silver should push this cup & handle pattern out of it's top side ready for a run up.
SILJ HAS BROKEN OUT ABOVE A LONG TERM RESISTANCE DATING BACK TO 2016. WATCH OUT FOR THE COMING EXPLOSIVE GAINS IN SILVER JUNIORS
SILJ HAS BROKEN OUT OF THE PENNANT AND IS SITTING JUST BELOW LONG TERM SUPPORT DATING BACK TO 2016. IF IT BREAKS OUT ABOVE ON MONDAY 31ST MAY THEN EXPECT EXPLOSIVE GAINS FOR MTHE SILVER JUNIORS.
SILJ is likely to outperform the metal on the next leg higher Now could be the perfect time to purchase silver mining shares on a scale-down basis before the next leg to the upside. Silver mining shares tend to outperform the price of silver on the upside and underperform during price corrections. Therefore, they act as leveraged tools for the silver market....
Description: SILJ is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position. Stats: 1. Ideal buy range: $15.9 - $16.5 2. Take profit: $19.18 3. Stop Loss: $15.75 4. Risk To Reward: 1 / 4 5. Accuracy Rating: 86%
Went to a state of bearish trend; bottomed: Now as we can see we witnessed a trend reversal backed up by numbers of confluences: this is for educational purposes and sharing. If you have questions: just put in on comments critics are welcome too so i can improve!! GO BULLS!
Approaching thin zone and vulnerable gap.
grip attained... now about to spin off into space!
Silver Junior Miners are right now, just above the 15.50$ HIGH volume node defined "fair value". The vacuum up this EPIC base will be legendary. #sitfolio #silver #gotsilver #silverstocks $silj #fintwit
Stan Weinstein's Stage Analysis. Green highlight is when silj is outperforming silver metal itself. GO!
Whale moment approaching... If 70$ xagusd in Q3, then 81.2$ silj.
Interesting. watching for the parallel move in the MA's to confirm my hold watching for a breach of the 50 Ma to get my wet wipes ready and a new pair of underwear.
Looking at SILJ (Junior Silver Miners) on a weekly candle basis, we can see that we are respecting the current arc that has formed since August 2020, silvers high. This looks really bullish from a technical level. We just need to make sure we can exit this arc at around $17 and resume the upside to a target of $19.70.
Diamond reversal? Running out of space...