We've received a few emails about the most recent move in GC and why we "didn't see it". We saw it but that is a small break inside of a much larger pattern. This trade is not in our trade plan and we choose to look for larger opportunities. Consult your weekly chart...it tells a better story of GC. If this continues to break we will look for entries but for...
Bullish on SLV/GLD bounced off support, Sentiment is bearish, big move coming up, i project a move until the 25th aug baed on time symmetry analysis
For the last 54 bars or 378 days Silver has been in a typical Elliott wave 4 pennant on the weekly chart witch now have panned out. The pennant shows up as a perfect symmetrical time pattern of 2 times 27 bars or 2 times 189 days. The last e wave comes perfectly back to the middle of the pennant and is now ready for the 5th wave down. If the time pattern continue...
just when you thought I was gone and you were on the right side of the trade...
GDX WENT UP AND OUT OF BOUND OF THE CORRELATION BETWEEN SLV AND GDX , SINCE GDX HAS MORE VOLATILITY BUT THE RATIO WIL COME DOWN AGAIN SO SHORT GDX LONG SLOV
The daily SLV sold off in a nice 5 wave pattern down, reaching the MTPredictor minimum wave 5 target. A red high volume VSA spike came in at the low in wave 5. When this is followed by a blue buyers candle it is an indication that professionals are stepping in and buying. If, in fact, professionals are buying, then the move up should not be a small one. A DP...
The title by itself is indicative of any possible trade, but it's more of an opinion than a trade opportunity, as probabilities here on an R/R basis, are not the best, which should be our only criteria. As you can see in the attachments I was very positive and enter full long precious metal (jacked?) positions, on spot, futures,stocks and bullion more than two...
Here's how to mark up the weekly High Volume levels to trade against. Many long and short trades were available
A pretty decent inverted H&S in the making.
I follow this closer than normal the last two months, as we are approaching one of good periods according to seasonal historical data, that usually price starts bottoming around June/July and rally late July to end of September. www.seasonal-charts.com This is the same chart posted a couple times before, but the rounded bottom I was hoping for starts to...
Buyers came in on the volume spike at "support" , then institutions drove prices below all retail support so they could buy at lower prices. This is the nature of silver before it rallies
Looks like attempting to break NL of possible IH&S. Big hurdles remaining above the down trending lines of the two triangles. If manages to close above, it would be positive for further upside movement. Cheers Panos
Watch the video here: youtu.be Register for my gold investing webinar: dunn.ly I am starting to accumulate gold as an investment & a hedge against inflation. This is different from my short-term day trades, which I'll take both long and short. I'm more interested in buying physical gold - some to be stored inside the U.S., some overseas, and some in ETF's like GLD.
Make or break? I wish I knew. The last 3 years is almost always break, I think. Fact is that is so easy for sellers here, that if the line breaks there are going for targets lower derived from both triangles. Easy is sometimes suspicious. This weeks down candle volume is 1/4, up to this morning, of the volume of last week's doji. Posted current contract days...
Using the current contract chart, just to show that previous week doji candle attracted the biggest volume of the last two months, in this possible triple bottoming area. August and December's 3-4 week rallies, spent twice the time to come back to base, showing a probable selling absorption by the buyers. Divergence can be seen by a mile away. Same formation...