On high timeframes, we seem to be continuing the trend of forming lower highs. The rejection of price at $15.49 gives me the setup I was looking for to think $SILJ is going lower.
On top of the rejection, the RSI is overbought, the moving averages on ichi are stretched with price above the moving averages giving me reason to believe price will snap back lower,...
This chart shows two possibilities of interpretation: a bullish case drawn in yellow and a near term bearish case drawn in red. I found the concept quite aesthetic. On a personal note, Team Yellow.
I posted earlier to day that I think the major pivot for silver is now in...likewise, I expect a major move for SILJ....we should be starting wave 3 of the submicro wave.
Want to make like 5x plus on your investment really soon...long SILJ. I expect silva (XAG) to more than double over the next 6 months....SILJ should 2-3x that move in XAG....
The SIL and SILJ ETF's are both following a classic impulsive pattern that began with our low in the spring of 2020. After a powerful 3rd wave blow-off rally that peaked in the summer of 2020, a seemingly endless 4th wave correction has been grinding away all hope in the metals sector. However, we may have reason to be bullish as there are clear signs that the...
In my humble opinion silver miners are the buy of the century right here. They are incredibly cheap when compared to other assets and they have fallen out of favor with most investors. No analyst are really covering them at the moment...and with most other assets (e.g.- equities and real estate being at all time highs) precious metals are the one that I am...
NYSE Arca
