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
All is on chart. Waiting for more signs.
The next couple of days will determine the time horizon for Silver to complete the larger degree wave (2) correction. Wave 4s are known to be the most unpredictable ones as they can extend for a long time and are more likely to take complex forms than wave 2s. Given the current price movement, SLV is either going to move up as a wave c of iv to reach the mid...
This past week we saw the gold minders rise into a wave iv of C topping at 25, followed by a sideways move that has yet to reveal its direction. This high could represent a nice topping area to make space for a last leg down as a wave v. However, the price movement this week could still see the GDX make a small move up to complete wave iv before resuming the...
PULLBACK TO 200DMA AREA. 50 DMA IS CROSSED AND THIS IS GOLDEN CROSS SO BUYING OPPORTUNITY I GUESS.
The correction in Silver should soon approach a bottom targeting the 61.8% retracement of the full impulsive Wave 1 that started in December last year. If the bottom is followed by a strong price movement to the upside, we will have resumed the bull trend in a Wave 3 that should take us to at least 28 and potentially higher if it develops into an extended wave. A...
If silver spikes UP when VIX surges, then the silver market tends to peak, but if silver DROPS when VIX surges, it tends to market the BOTTOM for silver. We have a potential bottom here using this analogue. I'm not a 200 bar moving average aficionado, but it touched that long term level in this pullback. You can see that there was Key Accumulation from...
Why do you guys they the dollar was propped up in the last couple of weeks? It's preparing to crash. $SLV $AG looking really attractive at these levels. Going long tomorrow.
Currently wave (C) is underway and its possible target price near $71. I will buy some when price find ground here.
Yesterday I said these patterns were invalid due to the fact that they were no where near D with the amount of time left... Oops. It's not right on 1.618 so it's either not quite done down or it was close enough. With action like today, I don't want anyone to take a risk. But trade once you feel/see it's working towards the target retraces.
ALL IS ON THE CHART. JUST WATCHING, LEARNING AND TRADING.
If you have ever spent more than a few hours in the Stocks and Indices chat room, you'll soon get the impression that the trading universe is seemingly made up primarily of E-Mini S&P Futures, SPX CFD's, and/or SPY (I probably exaggerate a touch, but that's the overall impression I get), along with a repeated frustration with the way the S&P is behaving in one way...
GO Kurodanado and Yellenado!
Wait for D to complete. Could be quick at that point the up to level of B. Overall, I'm short Silver but want some action so I'll trade this too.
Trading pullbacks off of the large decline from last week but here is what I am watching at a longer timeframe.