Often after a long term bullish rise (as occurred in silver upto 2011) there is a slow time of consolidation from the overbought condition before the next and often final burst up. Sometimes this takes the form of triangle (contracting or expanding). With that in mind I thing we may be going to form a multi-year side ways triangle in silver. Just a guess. If this...
A rising wedge is forming setting up a short term drop after a failed breakout of the current downtrend. Selling Jan 20 $15.50 calls @ $.33
Silver is in a downtrend, looking for the correction near or after the elections
# SLV is downtrend & has no reversal sign yet. # Good margin of safety as the price is low. # First sign of trend reversal is when SLV make a "higher high" by breaking above $15.50, second sign is "higher low", which is above $13. # (if) Pulling back to new uptrend line is considered as healthy. # Early Buy Entry: Point A, 2nd Buy Entry: Point B
I have a pattern for a reversal about here (1163) and it retraced nicely to .386 then returned right back here again. It can either turn south again, or push upward to, what I see as a target, 1166.x On the chart you'll find retracement areas if it does go to 1166 and reverses. BTW, I am short from 1162.9 based on previous pattern and technical analysis ... good luck.
IF it goes over middle bolinger in january i will buy. under it. i dont buy. I will never short this. If it goes to the lower bolinger 12 levels. I will buy and hold. 2 Action i will take if goes over 16.257 buy. Or if crashed 12 i will buy. No more action. ALL YEAR 2017.
I will start to buy this at 15.. So what can happen ? IT Will go to 0.. f... no .. if it goes to 15. then 50 w ma at 17.22 it will see it some time later.. so .. buy 15 sell 17. amazing work :D w if it starts to go over 17 then over 200 w average 18,4 it will be bottomed.. or like 2008 it will crash to 8 levels? :D amazing times coming !
As usual, I like to post what I am thinking, seeing and want to know and remember while trading lower time-frames. Timing might be off, though we fell quite fast, but here are some fibs I'd be watching if it turns bull. It would have to breach 1150 to the North for me to consider bull. Also, the moving averages would have to agree on what ever time frame I'm...
All is on the chart. Just a set up I'm watching and trading. Do your own thing.
Silver/Gold ratio is looking to break out of the corrective channel to the upside.
It seems all is prepared in precious metals for the next big movent in the following months. Below red line, 2015 lows will probably be visited again
Would seem like a good time for a reversal to me since we have a .618 correction of the previous rise and encouraging RSI. Also recent low is at the bottom of a decent looking channel. But still have another gap at the .78 level that has not been closed so need to wait for a positive candle formation to see if correction is over. Take care. If you do take a...
Silver looks like it will be on neutral mode until the fed decide what they will do with the interest rate. I personally think it'll be a good idea to wait for the next opportunity.
Go long on a breakouf of Friday's high, stop at Friday's low minus 1 tick. If we break above 13.73, we could see long term uptrend continuation. CEF is a good addition to your portfolio, you can read more about it here: www.centralfund.com It's a closed-end fund, which offers a good alternative for low-cost investment ownership of gold and silver bullion. CEF is...
I have changed my "count" since the previous posting but the near target is about the same. Upper end of the target box is where c=a and the lover end is where c=.62 x a. You can see there is overhead resistance at these levels also. Of course there could still be another another down wave to the current correction but I favor it is over. Process through your...
if the stock breaks that bearish flag pattern, its could possibly go up. It bounced on the 200MA easily and that is a strong signal. We saw it multiple times in the past. What I'm waiting fot : - 10 and 20 MA crossover - for the stock to break that bearish flag pattern