nmike

SLV channel cloning update (weekly)

BATS:SLV   ISHARES SILVER TRUST
1306 19 19
SLV  CHANNELING, Cautiously Bullish
Since this idea worked out quite well last time I'm republishing it with the updated clones. It is interesting to note where SLV             last low swing point touched , right on a clone channel boundary. Last week SLV             finished with a gap up big green candle breaking the reference channel boundary and a close above the 20 ma. Current upside momentum favors the blue arrow channel boundary as the near term target. Fib. retracements are a great addition to cloning.
I'd rather see $15 SLV low early next year.
+3 Reply
Proxy QuantitativeExhaustion
$15 SLV would make a great Christmas present!
+1 Reply
Yeah, but we may see 24-25 near term before we see sub 20's
+3 Reply
osci QuantitativeExhaustion
JR what could be the reason for 24-25 in silver near term again? i can sense no buying pressure from the speculators or hedgefonds and with the break through TLs the gas is empty. or do think that there will be more QE?
+2 Reply
Near support watching closely here
+2 Reply
nmike MOD StealthTrader
@StealthTrader....yes,let's see what happens here...it din't reach the blue arrow top but it did hit rsistance
snapshot
+3 Reply
Double bottom pattern. Like where we are here.
+2 Reply
Cracked ... needs life support now
+1 Reply
hi nmike!!! still working ? do you bealive that trend?
Reply
nmike MOD mucahit06
updated Clones
snapshot
+2 Reply
if silver will arrive 8 dollar, shall u put one more step more below of chart ? :))
Reply
nmike MOD mucahit06
yes, keep adding more Clones
Reply
I think u dont need keep adding any more clones. chart still working. nice
Reply
nmike MOD mucahit06
....could be bottom at least short term. There was a candle just below current Clone however it did remain above key support
snapshot
Reply
nmike MOD mucahit06
still......long term bearish
Reply
snapshot
+2 Reply
......significant volume & price exhaustion EFI bar...... when you see this on monthly frames it usually signifies a major top
snapshot
+1 Reply
22.04.2014 today broken
+1 Reply
nmike MOD mucahit06
....at Key long term support level
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out