Harmonics don't often work on small caps & the A-C and X-D angles on here aren't exactly 88.6% BUT it's a pretty good looking bat all the same.
Trend suggests this will top out before most people imagine.
I'd like to see a full daily candle above 432; but this is an encouraging set-up. Looks like a 61.8% retrace and now working way up the fibs. 50% now broken (just).
Funds holding a record long in #silver after three weeks of heavy buying. Silver traded 9% higher when it hit the previous record last July. $1850 is the level to break.
Some significant upside here depending on where the parabola completes. Break 1.03 and the door opens to the 2.37 and 3.71 Fib extensions.
We have a completed inverse H&S here followed by a retrace of approximately 50%. There is a small chance of a slightly better entry, but advisable to think about taking up positions soon to take advantage of the upcoming golden cross. Certain to retest the recent high, but I'd be looking towards the 161.8% Fib extension at this point around 4.3p
50% retrace between 2016 high/lows. Tracked weekly 20MA up since & established higher support level at the 78.6% Fib. Looks likely to retest the 100% line at 77.80 which if broken the brings the 161.8% extension into play at 91.48
Within a whisker of breaking 6 year descending channel. USDJPY also down on Friday whilst Gold market closed.
Target 112.85 once the 78.6% retrace line breaks at 159.50
Keep an eye on the red line. If the price holds above it, then long to around the median line. If the move is rejected then a further test of the 100DMA is likely.
This hasn't had a decent pullback since the initial "trump" rally. There has been a significant consolidation and a number of rejected moves higher. It now looks like it's broken the wedge downward. Time to short maybe.
One for the watchlist. Rejected going higher at this level before. Could pull back from here.
This now appears to have fully broken above the 50% Fib line which I consider a real pivot level on this chart. Price seems to have pulled back and retested it as support successfully bringing the top half of the chart into play. I'd like to see a comprehensive break above 3p to bring my first target of 3.8p into play. 161.8% Fib extension looks a very nice...
Very deep retrace sets up the extension move. The pull-back was bought heavily, so looking for this to escalate quickly next week retesting and setting a new ATH. 161.8% Fib extension is at 11.2p - this is my minimum target.
Currently sat on the 50% line from July high to December low. Watching for a full daily close above this level & will look to go long from there. The earlier 50DMA break in this rise often signals much bigger moves....
Support off the 200DMA into the rising median lines (hypothesised)
If the 200DMA breaks then we could see a fairly sharp movement down through the median line, providing support at points A and then possibly B. The latter being a big short move.