$SILVER was NEVER a BULLFLAG or PENNANT.... IS a DKN BEARFLAG!!
SO... WTF happened to silver this year??
Let's look at weekly candles and discern
Why has it been pulverised?? Over and Over and Over...
Why is it not behaving like a bullflag?? Because it's NOT!
See my pinned tweet with BULLFLAG in GOLD
A tuypical Bullflag has:
- High-point/ top of flagpole - NOPE, is top of BEARFLAG
- Central Core channel - Nope - HAS A BEARFLAG
- several different gradients rotating in situ as the price action works through a web of resistance/support - NOPE HAS A BEARFLAG (well kind of a few small pitches)
BUT its VERY atypical and while the RSI bands say it's functioned as a Bullflag ie the RSI has been worked off, it's a piece of SH1Tcoin atypical beast of a thing
So... what does that mean for the PA now... Well, all dips below the purple box have been wicks, no candle bodies, so within the week
SO... one of these weeks - this week or next, expect a stab south, tap teh TL,k probably the RSI30 on teh W sitting down there, and tHEN, then it will be over. It should o back up the stairs. You can see the resistance lines by the thin blue downsloping TL
VOILA
IN short, $SILVER has been hammered repeatedly because its been coursing a bearflag the WHOLE TIME. WHY DIDN"T ANYONE ELSE SEE IT??
We are dkn IDIOTS !
Let's look at weekly candles and discern
Why has it been pulverised?? Over and Over and Over...
Why is it not behaving like a bullflag?? Because it's NOT!
See my pinned tweet with BULLFLAG in GOLD
A tuypical Bullflag has:
- High-point/ top of flagpole - NOPE, is top of BEARFLAG
- Central Core channel - Nope - HAS A BEARFLAG
- several different gradients rotating in situ as the price action works through a web of resistance/support - NOPE HAS A BEARFLAG (well kind of a few small pitches)
BUT its VERY atypical and while the RSI bands say it's functioned as a Bullflag ie the RSI has been worked off, it's a piece of SH1Tcoin atypical beast of a thing
So... what does that mean for the PA now... Well, all dips below the purple box have been wicks, no candle bodies, so within the week
SO... one of these weeks - this week or next, expect a stab south, tap teh TL,k probably the RSI30 on teh W sitting down there, and tHEN, then it will be over. It should o back up the stairs. You can see the resistance lines by the thin blue downsloping TL
VOILA
IN short, $SILVER has been hammered repeatedly because its been coursing a bearflag the WHOLE TIME. WHY DIDN"T ANYONE ELSE SEE IT??
We are dkn IDIOTS !