I am looking for a $19.1~ area target to the downside. Small stop for news risk. It has broken out of range to the downside before but quickly recovered. I plan on reversing this position to a long at some point as I believe the November data will be weak and will therefore remove the possibility of a near-term taper. The horizontal yellow lines are the...
SILVER COUNT (there was a mistake in the previous count, take this one)
$SI_F $SLV Silver is working on an inverse head and shoulders formation
Like gold, silver is holding just above an important level (blue line). When somethings holds just above support without bouncing, it is usually a sign that the support will fail. If silver fails, it will trade down to $19.
WE ARE now touching the 21 week vwma,, I expect 21.80 to hold for, long term still a bit short 89 week ema is about to cross the 200 weekly sma, caution on long calls... may use a nadex bull spread to straddle
Not a Long or Short Pattern. Half Moon Marked Dead High or Low Going In To Next Full Moon. System = Wait for Half Moon Daily Bar To Close, Wait for Next Days Bar To Close, Trade Silver In That Direction with Stop 1 Tick Above the High Or Low of The Half Moon Bar. NO Need for Smart A** Remarks. It's not my Primary System...It works until it Doesn't for a...
Could this be the generic code for silver? (Fake) Pull up after every bottom and then resume downward?
first short target reached looking retrace towards 28 area before another leg lower plus extreme oversold imo
Silver showing self affinity with 1971, many previously looked at the 1976 bottoming process. But i think the narrative for the longer term fits better with 1971. Silver and Gold will not bottom so close to the interring peak, atleast... According to historical price action it wouldn't. For now however seasonality and many factors favor a sharp upside bounce.
Silver is still in correction, but has already dropped more than 61.8% Fibonacci Level and in addition we are at the lower BB(20,2). This should be a typical buy zone (see circle in pink), but there is no guarantee for higher prices. For me it is time to buy. A break out is possible every day. Be aware it is a risky trade!