Community discussions

7 hours ago

Tsunami Alert!
A BIG wave is coming. There's a Double Inside Day that formed last Friday. That can lead to a massive move, either to the upside/downside that can show up early in the new trading week, anytime between Monday and Thursday.

You can see that the two trendlines (in red and green dotted lines) formed a natural channel, placing the Daily in Neutral (directional) Market Bias. The candles are currently at the lower end of the Ascending Channel.

The BIG move is coming, so watch any changes to the market structure in the trading days ahead to get an idea of potential direction of it.

*Side Note:
As an example of a BIG move on the Daily, look at the Triple Inside Day that formed on Friday, October 31st. Four days later, it lead to a long bullish trend (highlighted in yellow) that was 1,223 ticks for its full range, taking four days to develop.

beyond50

8 hours ago

On the Hourly, it is in Neutral (directional) Market Bias from the bullish and bearish trendlines (in green and red dotted lines) fanning out. Price action can gravitate from one end of the trendline to the other until a breakout happens.

Also, look closely at the chart below showing the 4 tall candles highlighted in yellow. They are called "Anchor Bars" made typically from high volatility and high volume, but not always, like the first one in the far left.

As Anchor Bars, they can contain price action from their high to their low for the candles to consolidate within that range until a breakout from one of the ends. Usually the Anchor Bar and a smaller candle it engulfs can combine to form an Inside Day pattern for a market pause with no clear direction from consolidation, but that's not always the case, like the last Anchor Bar on the far right of the chart that's not an Inside Day pattern. Notice how price action has consolidated between the range of the tall candle's high and low until a breakout happens.

Why am I showing this? It's to give you a quick foretelling of wide and tight consolidation that's choppy, long before it starts happening, oftentimes when a tall Anchor Bar shows up.

As for current price action, we'll see if the bulls rise up towards the Swing High of 48,053 to either get near, then drop down OR breach the Swing High with a candle close past that price to go even higher.

AcolyteTheTrader

11 hours ago

Breakout happening soon at around 48,130, last week price was traveling steady in a good bullish movement, it will continue, just wait for it.

beyond50

15 hours ago

Important News!
The large institutions that are heavily suppressing the spot price of Silver drew a line in the sand: it will not go past $60.

Watch when the Shanghai market opens. Silver may go to $60+. Why is this happening? The global financial system is undergoing a "silent" reset. The world hasn't realized it yet, but Silver is about to go from a commodity to a monetary reserve foundation. This is in reaction to the financial abuses by the U.S. towards Russia, China and India by imposing sanctions on them.

Nations have been stockpiling Gold and Silver in record amounts quietly before the public finds out.

Silver going from a commodity to a sovereign reserve asset will be the biggest geopolitical monetary shift since 1971.

So again, watch the price of Silver to see if it hits $60 and above in spot price by Monday.