Testing this new setup using 2 gann boxes.. enjoy! Cheers, Keops
The 6 banks wont let the market reach fair value for now. It is bearish for libertarians / patriots. Trade at your own risk!
end of January target is $15.91; let's see if we can hit it. I'd like to see higher, but not likely in the short-term. I'm expecting not to break $16 this intermediate cycle; but very likely in the next one: come end of February to mid March, I think we then break resistance after a decent pull-back.
The target for FR is under 5,50$ CAD. Gold/Silver will make a correction but won't break the low of the last impulse. Trade at your own risk!
Here is a Full Gann Square applied on |AG| if |silver| performance in Jan 2019 will be good then this setup could be valid. Cheers, Keops
Silver- Double Bottom formation (Downtrend over). Confirmation- Red neckline must be broken.
The trend line dates back definitely to 1971, but qualitatively to 1920/30s (static.seekingalpha.com) Adjusted for inflation
go home..
anyone who as been to the US always says the same thing; "Wow, there's just so much space here!" Well china and russia the same way... huge countries with some mineral wealth that a) need it extracted and b) need to take the profits from exporting this mineral wealth and turn it into paved roads, water purification centers, hospitals, etc... the developed world!...
Keep it simple. I drew a yellow brick road to the next target zone. This is a 2 to 3 month play. We have sell signals, no buy signals, with momentum even still bearish. I dont want AG to drop to here, but I just read charts and drop emotions. Were at the top of the wedge, with the Ichimoku turning bearish. The bottom of the wedge is a long term support line...
On one hand, it retraced to the .786 line of the Aug 2016 high on June 14... On the other hand, it is at the bottom of a channel... MACD on pace to cross over on the 3 hr. Leaning long, but not placing trade at this moment...May be something to keep an eye on... ill look at options prices today. Travis JMJ - UIOGD
I think we are close to the 3 wave. We are at the end of a C wave on daily but the 4h show us there is more to drop. It will break the low then we are good to go up. Trade at your own risk!
Watch formation for a nice entrypoint to ride the next leg higher
AG looks like it broke the downtrend, time to go long. IMHO