Silver / U.S. Dollar
This is tagged as short due to the bearish patterns on the chart but it is kinda confusing because I am writing this to long silver A zoom out has help me get a more detailed look at the goldsilver ratio. What appeared to be random chop and a blow off top now appears to be a left shoulder and head. The C19 dump created a new all time high for the goldsilver...
Silver needs to relax a bit and as its last foray into the green was too short to enjoy, it has treated itself with another trip. We expect silver to extend the stay until the upper edge of the green zone between $23.69 and $24.43, where it should finish wave 2 in green. Then, it should turn around and leave the green zone to go down below the support at $21.94...
Silver right now testing 24.50$. A critical pivot line (now resistance) defined on monthly chart. See those wicks as noise from smaller time frames. Momentum ready for a thrust upwards.
Silver - please understand where you are now. Last time this setup seen was in 2005. But this time we have more fuel... {insert rocket ship}
silver's 3rd wave of III is coming and will leave many behind...
Critical "melt-up" peaks for silver happen when gold vs silver ratio craters. Not the case yet. Actually approaching a turning point, either via a melt-up of ratio first (silver crashes) or turn from here. Either way, it's up afterwards.
This is an interesting one. The relationship between S&P and Silver has been quite cyclical. Twice has Silver outperformed S&P in gains, lasting around a decade each. S&P has outperformed Silver from 1980 to 2000 and then from 2011 until today. The Golden Cross formed at the end of 2017 is an encouraging sign that S&P will continue to outperform Silver however...
pure TA, taking a sell here in intention to break down this Very exhausted uptrend!
That was a close call! Silver has missed our alternative scenario by a hair’s breadth by popping above the resistance at $25.49. As it has gotten its act together just in time though and has drawn back again, we still expect silver to return into our pink trend channel to move downwards below the support at $21.41. However, although it has been narrowly avoided,...
Bullish Elliott Wave long term analysis A perfect EWcount for the start of a long term bullish W 3,3,3 All Macd´s cross were for wave 1 end and the beginning of a wave 2. All waves 1 were either 0,382 or 0,618 of the 5 waves formed to complete the wave 1 of next degree. The charts speaks for itself!!! good luck!
! Bullish Elliott Wave long term analysis A perfect EWcount for the start of a long term bullish W 3,3,3 All Macd´s cross were for wave 1 end and the beginning of a wave 2. All waves 1 were either 0,382 or 0,618 of the 5 waves formed to complete the wave 1 of next degree. The charts speaks for itself!!! good luck!
dg78 asked me about Silver... so a quick look here. The Silver Weekly chart is lagging Gold, but does appear to consolidating since mid 2021. Trendlines are tilting downwards as price appear to be testing harder each time. Last week closed above the 55EMA on a nice looking bullish candle that gapped up and pushed to close above the 55EMA. MACD in this instance...
The market just ended his pull back so the market will grow up buy it
we can expect a pull back but the market is for buying in average term
We forecast a downward movement owing to the shooting star candlestick pattern, as well as the head and shoulders pattern and the retreat on the 61 percent Fibonacci retracement.
see my watch list where I am long or short www.tradingview.com LONG: after thursdays inflation data report, many re-entry longs where possible, but non of the long trades got stopped out New long is in theory Silver but palladium and gold are more bullish at the moment. lets not trade all markets but stick with crude oil and...
Here we see a support of the buyers that mean that will be impulsion of buying position a
Silver turned up off a new cyclical support and started a new Up cycle on Daily