hindenburgomen

hindenburgomen

The handle could drag on for a couple of months. Gold and silver are subject to seasonal trends. The period between August and February-March of the following year is considered a positive seasonal time period. Generally a cup and handle formation is considered to be a huge breakout.

hindenburgomen

With the current developments this past week of Gamestop (which was greatly entertaining), I thought it was time to update my chart. Is it possible that the Wallstreetbets sub-reddit (7.4 million subscribers) is about to squeeze silver and push the price of silver way above current prices? Is the price of silver about to skyrocket? Is silver the next GameStop...

hindenburgomen

We have almost reached the 0.618 fibonacci level of 68.07. I think we will retrace back to the 0.786 fibonacci level at 52.2. My long term gold target is $2354. At a gold/silver ratio of 52.2, silver would be around $45.

hindenburgomen

Forecasting the 5th wave with Elliot Wave . Distance from start wave 1 to end wave 3, then using the golden ratio of 0.618 we can find the length of wave 5. Add to bottom of the 4th wave, and you have a very likely terminal level of wave 5. 3th wave: from $682 to $1920 (increase of $1238) 5th wave: from $1046 to at least 0.618 fibonacci of around $2075...

hindenburgomen Updated 

Forecasting the 5th wave with Elliot Wave. Distance from start wave 1 to end wave 3, then using the golden ratio of 0.618 we can find the length of wave 5. Add to bottom of the 4th wave, and you have a very likely terminal level of wave 5. The 5th wave can never be longer than the 3th wave. 3th wave: from $8.96 to $49.7 (length increase of around $40.74) ...

hindenburgomen

Crossover over 20 month MA and 50 month MA.