SILVER - Weekly When Does The Fun Start?
Good ol' $COMEX:SI1!!
I believe anything that is Gods money will always have a use case in this world.
SI1!
is one of them and no matter how much manipulation is placed on this metal, the truth will always prevail.
What we saw from March 2020 was an absolute capitulation in
GC1!
SI1!
, with a decline of over 33% within a 30-day period which is crazy! But the rally we witnessed after that was something many would be in awe, with returns of over 148% within a 154 day period; less than half a year! This shows that during times of crisis and PAIN, precious metals like
GC1!
SI1!
XAUUSD
XAGUSD
flourish.
My experience is leaning me more towards buyside but I am going to take the neutral viewpoint whilst keeping a open mind to seeing buy stops@ 23.321 ran through whilst also being aware that risk off
DXY
could add additional pressure to the downside towards 22.169.
Price action below the intra day level of 22.414 is considered discounted territory, with 22.300 being a PD 1-hour array which would be a logical area for the next lower low to form.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
I believe anything that is Gods money will always have a use case in this world.
SI1!
is one of them and no matter how much manipulation is placed on this metal, the truth will always prevail. What we saw from March 2020 was an absolute capitulation in
GC1!
SI1!
, with a decline of over 33% within a 30-day period which is crazy! But the rally we witnessed after that was something many would be in awe, with returns of over 148% within a 154 day period; less than half a year! This shows that during times of crisis and PAIN, precious metals like
GC1!
SI1!
XAUUSD
XAGUSD
flourish. My experience is leaning me more towards buyside but I am going to take the neutral viewpoint whilst keeping a open mind to seeing buy stops@ 23.321 ran through whilst also being aware that risk off
DXY
could add additional pressure to the downside towards 22.169. Price action below the intra day level of 22.414 is considered discounted territory, with 22.300 being a PD 1-hour array which would be a logical area for the next lower low to form.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Expected pullback is in the cards with this weeks news releases so I will come back to update this post once we see a relief rally or continued capitulation