Silver Breakout soon? Possible small retrace. Perfect Storm!
I've been watching silver for quite some time now, and I can say I feel fortunate to be around for this long 20 consolidation coming to the next step.
This chart is fairly simple, as it should be.
Looking at the weekly, you can see the squeeze performing for the last 4 weeks, which would be a first, (or second if your counting 2015 in march, which went short)
Also we have our moku cloud cross, and our wedge of the last 3 years it has respected perfectly is coming to a point. Ironically the point is ending at new years almost exactly.
This leads me to believe that our DOW crash in the beginning of the year could have been worse, but "delayed" to this coming new years instead.
If the safe haven silver is "expected" to break out, but only in "bad times", it would make perfect sense for it to break out considering the DOW is ready for a bigger dip, and new years can create market fluctuations.
I believe we could dip to 14 before its next inevitable bull run.
Silver is extremely undervalued, with the most room for gains compared to gold, and people will start to realize that much quicker then we think. Ill continue to stack silver for the long haul, as one of my only assets i wont ever plan to short for 10 years.
Happy Trading, debating and speculating! I want everyone to win!
This chart is fairly simple, as it should be.
Looking at the weekly, you can see the squeeze performing for the last 4 weeks, which would be a first, (or second if your counting 2015 in march, which went short)
Also we have our moku cloud cross, and our wedge of the last 3 years it has respected perfectly is coming to a point. Ironically the point is ending at new years almost exactly.
This leads me to believe that our DOW crash in the beginning of the year could have been worse, but "delayed" to this coming new years instead.
If the safe haven silver is "expected" to break out, but only in "bad times", it would make perfect sense for it to break out considering the DOW is ready for a bigger dip, and new years can create market fluctuations.
I believe we could dip to 14 before its next inevitable bull run.
Silver is extremely undervalued, with the most room for gains compared to gold, and people will start to realize that much quicker then we think. Ill continue to stack silver for the long haul, as one of my only assets i wont ever plan to short for 10 years.
Happy Trading, debating and speculating! I want everyone to win!
Trade active:
Has hit the buy zone as predicted, looking for a smaller deeper pull back, maybe 15.4?
