Price can only follow 1 trend at a time. And we are at the vertex of 5 trendlines. Which one will it choose?
Well, price does not like to be forced. So it may do what it did the last 2 times this happened. It chose its own path, just to spite us.
Theoretical silver squeeze tops with respect to the M1 money supply
I'm just going to post the WSB SLV DD as it has lots of stuff you need. And you can now comment in WSB, I think...
WSB started to promote silver, just as they were promoting AMC, BB, and all the...
-Daily 200 SMA/EMA
-Bottom of primary trend channel
-Fib 1.618 of lower Distribution (or Reaccumulation) phase
-2012-2013 triple top (previous bull market top if you discount the initial blow off top)
-Fib 1.272 extension of BC to AR Distribution (or Reaccumulation ) phase
-Supply zone at ~1800
-Lowest 4Hr RSI since Aug-2018 (Wyckoff spring and start of current...