This could be an important moment in silver. I prefer that the metal stay cheap but I fear we are about to run out of time before this train leaves the station.
What do you think will happen to SILVER over the next year or two?
What do you think will happen to SILVER over the next year or two?
코멘트:
I would love to see it turn down now and tag E of this wedge but that may not happen
코멘트:
shared this a while back, but I love to see precious metals ratio to the indices.. Look at SILVER:NDX (silver to nasdaq)! Daddy will be coming to look for value at some point, wouldn't you think?
코멘트:
let her rip!
코멘트:
I don't post monthly charts too often but it can really help grasp scale of what is to come. Notice my wavetrend/stoch,rsi indicator and the orange boxes I highlighted. This goes back quite a ways and is (strangely) supportive and resistive. We are now above it and it just happened the last few months. Is this just the beginning?
코멘트:
I think the gag is about to be up on silver. There's a lot of big players that want to manipulate it but I suspect they are out of time. I wonder if they know they are out of time?
코멘트:
yes, I'll take some please, thank you kindly.
코멘트:
I'm not going to short silver but I would not rule out the yellow arrow. I think it's a 40% chance but I'm not selling or changing my position.. just bracing for a possible head fake here. Regardless.. don't lose sight of the forest for the trees.
Personally, I'll buy more if it drops again.. so here's to hoping for another drop.
Personally, I'll buy more if it drops again.. so here's to hoping for another drop.
코멘트:
60 min candles, bearish divergence I really suspected this. Now I'll wait for the lower pivot and consider adding more long exposure a little lower.
코멘트:
^ I meant to say 240min candles. Watch this zone closely as it will either bounce or fall here.. another pivotal clue. I'm still personally hoping for lower prices again
코멘트:
^ see yellow arrow for 'the clue'
코멘트:
this is the flush I was hoping for. Now, let's see if it finds support.
코멘트:
beautiful. Now testing support zone of the breakout.
코멘트:
this yellow line is the key breakout support level. I really, really like it in this zone but know the possibilities for failure. The pattern is bullish and will hold and add more. The next two months, I believe, will be a new chapter in the metals. If I am wrong and we breakdown, I will take advantage of the lower prices in the physical metal.
코멘트:
There is some interesting math at work- see 240min candles, lower wavetrend indicator. Let's see if it's ready to soar yet. I continue to hope for lower prices but is time up?
코멘트:
PLEASE CONSIDER THIS A WARNING. I'm wildly bullish on precious metals. However, I'm rooting for them to go cheaper again because I like to acquire the physical. While I think that time is up and they are about to skyrocket, I don't want to dismiss another major crash in the market.. and also in metals, miners, crypto.. everything. It's possible. I have learned to prepare and hedge for events like this and wouldn't be surprised to see silver at $44.00 in the next two months. But I also wouldn't be surprised to see silver back at $9.00-11.00 again.. Please be careful and do not invest what you're not willing to lose. While this pattern and projection look likely, look at the other argument. I'm watching this yellow line/support area to make wise decisions on my contracts.
코멘트:
yellow arrow- mmhmm
코멘트:
well this is encouraging
코멘트:
This looks like a nice healthy toilet flush. I took some profits yesterday and will consider averaging back into position here.
코멘트:
I forgot to explain- the apex of of these wedges is almost always very volatile. The apex is where the two lines of that lower wedge intersect. When you draw a vertical line from that point, you'll often see wild price fluctuations and many traders confused as to what's happening. Sometimes price will crash all the way back down to the tip of the apex. Be smart.
코멘트:
renko chart on gold- yellow line break
코멘트:
This is SILVER/GOLD ratio. March 2020 marked the bottom of this ratio (inverse for gold:silver). I always recommend the real metal first.. we could have a crisis and paper market/derivative collapse. When silver reflects it's true value, it's going to be a very serious problem. There's a reason it's being suppressed, shorted, leased, manipulated.