All the patterns here on the chart are positive and tells us the NUGT is on the brink to move higher. We see a head and shoulder pattern which is already confirmed and tested, tells us we are going higher = positive! We see a big wedge (blue), tells us we are going higher = positive! We see a pennant (green), tells us we are going higher = positive!
We get more conformation that the bottom in silver has arrived! On a weekly basis the candlesticks have formed a Bullish Harami pattern, which is a reversal pattern. Several patterns were already indicating that the bottom was in, so this is an other conformation. This gives us also more trust to the patterns we (I) see developing now...and make predictions of the...
Bitcoin: What does 'fractal' analysis say...a different approach. Bitcoin does exactly everything what is should do: follow the patterns... and touches almost the neckline of the big green h/s pattern... We could see here an upward bounce...and go above the 1000 mark...before we go somewhat down again and take its time to take a breather. Within the big green...
It looks like the h/s pattern is correct. Calculation is still the same: First SHORT target is 15.30 usd; If we look somewhat into the future, for what it's worth: (Don't hold me to this one!) I can see a pattern which is developing, more about this pattern in a new update.. A LONGER target (after consolidation) could be ca. 48 usd.
There is a buying opportunity on the way... Long term calculation of this C/H pattern 2.800 usd. Let bitcoin first retest the neckline..of this c/h pattern. Between 800 and 900 we COULD have a new buying entry point...when the neckline / support line is tested... There is a very high probability that this c/h pattern is correct. If we use the 'old' method of...
This is the news we have been waiting for!!! Superb news which is super positive for silver and gold. In the coming weeks and months the market is going to absorb this news and claims should be recalculated in the share-price, what means higher prices...
Gold: The train is leaving the station!! When you are waiting for lower gold prices you could be disappointed. The signs for now are UP!! Gold just blasted through the resistance/neck line... See the h/s pattern...and a lot of momentum is building...and the volume is spectaculair!! Clearly a BIG sign of a bottom proces...and prices going north! Next...
The pattern seems to be correct. So if we assume Nugt follows this pattern our first target is above 15 usd.
Falling red wedge / wick (in red) = positive; C/H pattern = positive: handle is almost complete; If the handle is complete en resistance line becomes support we can calculate a target of about 29 usd... Big blue triangle = positive: gives a target over 20,50 usd; not met yet... Many positive patterns in Silver... Could take a few weeks (3 or 4) before the metal...
I have used here the impuls-wave to get a broader perspective. My count fits in the bigger pattern (and the smaller minuettes-waves) and when my count is right we could be starting leg three. Conformation is above 7.40. Above 7.40 we can calculate the target of impulse-wave 5. Looks promising ...
The two patterns have remarkable resembleces. The one in white box is a small pattern and is hanging under the other bigger pattern. This smaller pattern could tell us what the bigger pattern could do... I have highlighted the pattern with the same color-lines which match exactly, in my opinion. I could be searching for something which could be totally wrong but...
Silver has an enormous potential in 2017. I haven't seen any other picture with so many positive patterns! During January and February I will give regularly an SLV-update if something changes what could be of important for this community. If you have already bought physical silver and also want to profit through paper silver, SLV (SLV is an ETF) is a nice...
See the description above..speaks for it self.
Silver signals buying opportunities ... Time to buy more? I do think so. After the inauguration of Mr Trump the market will be back to normal and we will have higher inflation (see the interest rates) in the USA, more money printing in the Euro - zone, and Japan, etc... The only inflation hedge are gold, silver, specific real estate and some other specialities...
We have now two positives signs in sight: Positive divergence and a falling wedge. It does take some time before we can expect a breakout... Is 2017 a good start for silver? Could be if this pattern is correct...
If we look to the wave count we are about to start wave 3. In the coming days or weeks the bottom will be in. (if this wave count is correct...)
Silver is giving several buying signals. It looks like silver isn't aloud to go under the 16 mark... (Hold in mind, I could be wrong) Look to the volume. A large position was taken in around 16...could mean something for a (temporarily) bottom in the market... Fundamentally silver could be a very, very good best investment for 2017. E.g. people in India will look...