AG has left a couple of gaps on its way down in the last couple weeks. We believe these gaps need to be filled, therefore we see a rise in AG! Of course every analysis has its own story and ours could play out totally wrong, but we believe the odds are in our favor. Right now, the orange uptrend line is being used as resistance. If the orange line breaks, next...
Notice the uptrend without the stopping volume. Institutions really want this down.
XAU/AUD (Silver) AUD Daily chart- At upTrend Support line.
bullish overall. But its a falling knife right now and need to see some more strength over 27.5 and 5 waves up not financial advice
The short zone may not get activated; however, if price moves up to 28 I'll look for shorts. If not, the major long play is from $20-14 with targets at $50 for long-term holds!! Let's go.
If silver cannot break out of this bear flag to the upside, $25 seems likely leaving the people who bought in the #silversqueeze trapped, if trapped sellers rush to the exit and sell, price can waterfall down to $22-19 making it a great buy area to go long. For a valid breakout, we should re-test the gap and it should act as support, in this example it has...
... for a .31/contract credit. Notes: With 30-day at 44.7% and expiry-specific at 45.6%, doing a little SLV here. I'd prefer greater weakness back toward 21, but am fine with taking assignment/selling call against if that happens. 1.50% ROC at max.
Waiting for confirmation. I am def not an expert in Harmonic Patterns so some lines may not be perfect but would love to hear feedback and thoughts.
Some profited, some burnt, in Silver's >10% surge earlier this week, and then a sudden flash crash of sorts. what is worse, is that it is telling us that there is a lot of sell presuure higher up, and now it would probably look for the downside support of about 22.50
- We are breaking out of out of a 40 year old cup and handle. - This is a pattern that is very familiar to me: The symmetrical wedge on the bull flag. - To me it signifies an accumulation/distribution/ascendance cycle and I have traded it to great effectiveness in PLTR and PSTG: - I believe that we are breaking out to make new ATH's, because of the strength...
What will the future of finance look like? In 2 years? In 5 years? In 10 years? What is the future global reserve currency? All assets globally, will be tokenized on a daily basis. It already happening! t.co I will be updating this weekly to stay up to date on market analysis. Especially keeping a focus on the correlation between these assets in the...
Once $30/oz. is broken, it will be just like the 2010 breakout over $20/oz. when the price went ballistic for months thereafter..
CHAPTER-1 played nicely ^^ silver prices outperforming gold and other metals. but this bullish trend may not be sustainable before another bottom test.
If we manage to get passed and break the upper flag trendline, we should retest and head off to 30$ quickly. Then 30$ will have to hold as a key support. Let’s see what happens next! Not a financial advice. DYOR.
Chart for shits & giggles. First & last.
Last week, the opportunity for silver came true. Now the price is in a similar situation. After reaching $ 30 yesterday we saw a correction. We are now looking for its end for new entry opportunities. The expected resistance levels are in the area of the previous peak - 29.85 and in case of a breakthrough 30.82. Fundamental grounds provide opportunities for...