could have some boring price movement soon. but the price is attractive.
Silver can be bought in today correction between 14.7 to 14.9 levels with SL of 14.6 for minimum tgt of 16.5
Futures trading involves substantial financial risks and is not for everyone.
Bull wave - target 16.00. Probability H. Possible long term bottom.
CHART DESCRIPTION..... IF LONG .....BE FLEXIBLE DON"T RULE OUT LOWER PRICES.
A nice little Inverse S/H/S bottom has been completed, with the break above 14.36. The calculated target for this formation only call for a rally to 15.30, but we have to remember that this calculated targets only are the minimum expectation. From an Elliott Wave perspective a firm bottom could be in place for a rally back to 18.50 and possibly even above for a...
The gold/silver ratio in the since 2000 has topped at c.80 at significant market turns in equities: 2003 2009 Jan 2016?
Stop to break even. Very wicky PA on lower timeframe (since start of Dec 2105). Still lower lows
Bounce or break - either way it will be epic
The lines show us the long-term bear market has broken technically - repeatedly verified by reaction at lines. PA needs to follow, so does NOT mean silver cannot still head south by a large % (c40%). OR hold here at 13.8. Otherwise short if it breaks all the way back to the dominant line. Long if holds. Either way, big opportunity. Updates to follow
Silver is very very spiky/wicky at turns. Still, a low risk long against TL @ 13.810 is a very nice R/R against potential massive upside. Silver/gold ratio at historic lows = silver longs favoured over gold
Silver a commodity in rather high demand due to more and more people becoming aware of needing a save haven asset such as Silver. So Why is Silver on the Rise? Technical terms : It's in a huge descending triangle starting 4-5 years ago. Descending Triangles are good for timing entries and finding the best exits . Fundmental terms: Demand Increase, Comex having...
We have one possible long position on the COMEX:SI1! 1. If price touches the blue area, check if there is divergence on either MACD or stoch . At the moment we can see MACD diverging from the price. If step 1 is fulfilled , continue. 2. If step is 1 fulfilled, we want to see either a double bottom or w/m pattern forming on 4H or 1H . Will...
we are propably goin look lower. breakout these three lower points
Sell at current price 16.020 Stop Loss: 16.420 Target: 14.245 The Price is at a Strong Resistance Level, Trend Line Support and 200 Day Moving Average retest. Lets go with the trend.