1Y
RSI is topping.
5Y
RSI is topping.
All
RSI is looking like it is declining.
On the 5Y timeframe I see a Wyckoff Distribution forming. Right now it looks like a number 2, but if this push up goes up further (past the Feb. 1st high) it could turn into a number 1 distribution. It is either in a UTAD (Upthrust after Distribution) section or the LPSY (Last Point of Supply) section. Either way, both distributions are bearish.
For reference:
stockcharts.com/arti...ion-definitions.html
Prediction: I am seeing bearish indicators, so I predict a fall.
For my educational purpose, not to be used as financial advice.
RSI is topping.
5Y
RSI is topping.
All
RSI is looking like it is declining.
On the 5Y timeframe I see a Wyckoff Distribution forming. Right now it looks like a number 2, but if this push up goes up further (past the Feb. 1st high) it could turn into a number 1 distribution. It is either in a UTAD (Upthrust after Distribution) section or the LPSY (Last Point of Supply) section. Either way, both distributions are bearish.
For reference:
stockcharts.com/arti...ion-definitions.html
Prediction: I am seeing bearish indicators, so I predict a fall.
For my educational purpose, not to be used as financial advice.
Comment:
$8 was a strong support and resistance between '04 and '08. The low in '20 of about $11 might be a support line and I think we will go back and test that.
In my opinion that will be a good entry point to go long.
www.sciencedire...921344913002747?fbclid=IwA...
This study shows an interesting conclusion of a diminishing supply of silver in the near term compared to other metals.
In my opinion that will be a good entry point to go long.
www.sciencedire...921344913002747?fbclid=IwA...
This study shows an interesting conclusion of a diminishing supply of silver in the near term compared to other metals.
Comment:
Still heading down.
Comment:
1 Year
Stoch RSI is looking bearish.
5 Year
Stoch RSI is topping and at 100.
Prediction: We will see Silver drop from here. The strength of the move will determine how deep it will be.
Stoch RSI is looking bearish.
5 Year
Stoch RSI is topping and at 100.
Prediction: We will see Silver drop from here. The strength of the move will determine how deep it will be.
I think this is an inflexion point, and will decide where Silver goes. I predict Silver will fall eventually based on the announcement.