part of my studies into hacking order flow. WPM makes up roughly 20% of the sil etf and comprises a major holding in other major metals etfs. that being said money flow is not equally distributed and is based on a certain weighting. this is the same concept of how i played BA from december melt down. the idea is to capture the uneven distribution based on the...
gold, silver, and bonds want to hear powell say uncle. rather playing any i prefer to choose the biggest holdings within those sectors. one stands out to me option wise, asset allocation wise, and pattern wise. wpm is about to make itself at home in ranges not seen for some time.
WPM going down with very volumes - Keep a watch on it. Active buying coming at 18.
Not sure if it is formingIs it forming a 'b' on volume profile , in search of NEW VALUE AREA. But good to keep on Watch List
***Volume profile a better way to analyse the stocks, rather than some chart drawings/Guess work.
On Friday, June 16, we successfully closed our previous short-put trade on WPM (see previous post below).
Today WPM is showing continued signs of weakness, in an otherwise strong market. It is currently trading towards the lows of its trading range. It could continue to show weakness if the broader market continues its journey upwards. However, in the context of...
1. If the Trump will not pass his tax reform and has more problems inside US (FBI case), a market may correct and at that time, the precious metal may rise.
2. USD is weakening ---> price of precious metal will increase.
Target around 30 USD.