In this quick Video Tutorial I discuss a simple and repeatable method to frame your charts with Support & Resistance Zones. This particular method holds for Futures and Forex Day Traders.
This is an easy but critical skill for all traders to stop you from selling into support and buying into resistance. Later in the video I use an example of a trade setup...
I've looked into the SILVER/GOLD ratio a few times in the past and I can tell with a certain degree of confidence that we have a strong confirmation that Silver will outperform Gold in 2021.
The reason is the MA50 (blue trend-line) on the 1M chart, which broke earlier this year and since August has turned into a Support. Since 1993, every time that happened (1M...
Scroll below for My background on silver and three things I learned:
You're looking at a quarterly chart representing silver's price history since 1970.
A) I'm seeing two bullish chart patterns developing:
1) Ascending triangle
2) Cup and handle
B) Significant break of structure:
The light blue rectangle highlights how significant $18 - $20 has been in...
Silver futures - SI - It is in B down of Y wave up correctionm, which may finishes with one more low near 24.95, thereafter expecting bounce of C of Y wave up for higher high above 28 or even higher.
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Silver bull cycle JUST started. Pullback completing on monthly chart. Expecting whatever monetary imbalances required to lift US equities, will also lift hard asset such as silver. Macro tides stronger than daily narratives. $spx $slv #debt #silver $gld
As we can see in the past of bitcoin, usually when the 3D HVP signals increasing volatility and the MACD changes direction, we get a move in that direction. Trendlines are retested 3 times usually, 3rd is to come don't know when though lets see what happens
Silver still in a clearly defined range since Aug '20. I'm taking silver on a level by level approach right now and those s/d zones in red need to hold as support. As each level breaks the odds shift more towards lower prices to come. However, if price can consolidate here and get an impulsive wave higher then perhaps this correction is done. I'm just watching...