Price ran into a sliding parallel in late june and price bounce higher to the upper median line. Look for price to resume uptrend on middle median line.
Probability for sell , early , wait for clean break below trendlie first . We need 4h or Daily lower close plus rejections of resistance.
Bullish metals and maybe its because I've missed out on this recent rally but the Range Recoil model predications a medium probability of a decent upcoming correction. Unlikely i'll trade the short but view this more as a clear out of the bulls and hopefully an opportunity to get long at good levels. RangeA Jan15 - Dec15 18.50-13.60 RangeB Nov15 - Dec15...
SILVER TO GO UP TILL JULY - JUST A THOUGHT -- There is no tech analysis that I'm doing here. Its a just a gutt feel. I'm checking if this LUNAR thingy works or not
Silver is trying to break above the Inverse S/H/S bottoms neckline near 18.00 and more importantly above resistance at 18.51. If the later is broken too, then a rally towards the measured S/H/S target at 22.94 should be expected as a minimum, but this rally could easily extend higher towards 25.10. The Inverse S/H/S neckline at 18.00 will now shift from...
See a mid-term correction back to trend line.
look at my other idea for the bigger outlook on the monthly chart
COMEX:SI1! The stochastic is showing a saturated silver market, but by observing the histogram can identify a slight drop in the MACD, however the case of a 4th wave in this trend we risk a bull market in the coming days, reaching higher values for the next week .
Which way does this wave want to go? Are we done with the retrace and heading up or are we heading down for a fifth wave? Or will it invalidate. Current Price action is not impulsive, but its also the overnight session so tough to judge. WE'll have to see how the European market handles it.
COMEX:SI1! Be Aware! The next few weeks will be Bull and I'm optimistic about this, stochastic is growing, MACD lines crossing and the waves confirming that its time for long.
the circles are some points to take some profit sl closing above the red line, nick r/r
Silver reached the TP (TakeProfit) of my former Analysis This Level is the key resistance level wehre a decisicion can be made: 1. Trying to catch the Breakout through the big resistance level with a Long Position entry 16,05$ sl 15,4$ TP 17.20 2. You don`t believe the resistance will break? Then a short Position at the actual level could be...