Since reaching $30 and coming back down, XAG has been stuck in a beautiful technical structure. It bounced straight off of the long-term fib at around $26.15 before becoming range bound between the weekly support at around $26.85 and the recent 0.618 level at about $27.75. Last night after the market opened back up, XAG crashed back down to the long term fib at...
NYSE:HL formind on 4H chart bullish pennant. You can notice rising volume in recent days after earnings. If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
... for a .34/contract credit. Notes: With 30-day at 40.8% and expiry-specific at 42.4%, layering in some SLV, this time in the March cycle (I already have some February on). 1.69% ROC at max as a function of notional risk.
Silver contracts ending. Big banks have big shorts at 28 and 3x bigger at 30. Based on comex puts and calls. They will do everything to keep prices below these levels until the contracts end. Also they have changed their prospectus and laws to be able to manipulate the futures market (SLV). Or something like that, just a call to do your own research. Correct me if...
... for an 8.74/contract debit. Notes: In lieu of selling short puts, taking advantage of SLV skew here with a long call diagonal, buying the back month 91 delta and selling the front month 43. Paying 8.74 for a 10-wide with a max profit metric of 1.16/contract (13.3% ROC) with ample opportunity to reduce cost basis further and therefore increase max profit...
The chart setup cup and handle indicating a possible breakout. Bad for the USD. Very bad! Keep printing!
The top of this chart is the ratio of PSLV price to XAGUSD (Silver spot price). PSLV holds 0.361 Ozs of silver per share/unit. Lines are drawn for P/NAV=1, and at 1 and 2% premium levels. Since PSLV is a closed end fund, it may trade at a premium. However, PSLV has a shelf offer allowing them to add shares/silver, which they have been doing. By...
Hello,Traders! Silver is trading in a rising channel And is now retesting the horizontal resistance While forming a bear flag below the level Thus,I am bearish biased locally And I think the metal will retest the support below Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
It seems silver is heating up. Better shine up your bullion and get ready for some crypto-like swings. From a macro perspective it looks very similar to the bullish cupping pattern on many other charts. Starting with the Fibonacci extensions measured out from the past major bull run it looks like once again, price clings to the levels like a magnet. During...
Silver primed for $50+ ATH in 2021. Dollar devaluation+ utility in solar panels and EVs=== BULLISH.
Hello traders and investors! Let's get into the business, shall we! We can see gold ina downward wedge and also a triangulation pattern. This is bullish as once the lines converge, there is a high chance that the price of GOLD will raise significantly. The RSI is maybe gonna go into oversold territory, before bouncing back to the high 1800s- low 1900s. The macd...
Price target generated from first leg of symmetrical triangle (roughly $13 to below $1 = 13x), 13x from $5.50 resistance level = price target zone.
SILJ is currently moving in an ascending triangle. We believe a breakout is very close. Fundamentally, Silver is looking very strong so we believe the breakout will be to the upside (targets are shown in the chart). External factors are out of our control so if for some reason Silver starts breaking down, $13.50 would be the first large support. Other than that,...
aside from the fake reddit breakout, every indication is showing SLV primed for a launch
PM has been consolidating for months and looks like we are close to the next leg (hopefully up). Inverse SHS is in the making for SLV and I won't be concerned ST unless the low of 12/07/20 $22 lost
A little late to the game this week, but don't think I missed much. EARNINGS ANNOUNCEMENTS IN UNDERLYINGS WITH HIGHLY LIQUID OPTIONS: TWTR (53/84),* announcing Tuesday after market close. TEVA (16/63), announcing Wednesday before market open. UA (42/68), announcing Wednesday before market open. UBER (11/59), announcing Wednesday after market close. ZNGA (11/63),...
For further details about Flags: Upward breakout 60% of the time (Bulkowki research below). thepatternsite.com