SILVER preparing for new highs after four years
Updated
A low risk trade as precious metals are getting more interesting. I'm preparing for at least a 100 % gain in the long term on silver. I'm not bullish on very many commodities/stocks/indexes right now. But this has got some hard value in challenging times (ahead).
You can see my targets which are only long term estimates. I would probably do a tight leverage trade on this. The stop is easy to apply aswell.
Note the lower trend line which indeed can be drawn 12-14 years back! The Ichimoku cloud has next to no resistance and accumulation is building up.
Hope we won't go into a bear market overall during the coming year but a lot of charts show decreasing relative strength. There is indeed money to be made on bear certificates right now and in the long run.
You can see my targets which are only long term estimates. I would probably do a tight leverage trade on this. The stop is easy to apply aswell.
Note the lower trend line which indeed can be drawn 12-14 years back! The Ichimoku cloud has next to no resistance and accumulation is building up.
Hope we won't go into a bear market overall during the coming year but a lot of charts show decreasing relative strength. There is indeed money to be made on bear certificates right now and in the long run.
Note
I should add that the desperate times that may come could also lead to the complete opposite. A universal withdrawal from the markets could also be a safe haven depending on the coming development. Personally I would see more value in commodities than cash. Let's see.Note
Extremely undecisive candles. Stoch RSI is bullish but volume weak. Big move in either direction ahead.Note
My guess is leaning towards a long squeeze. A descending triangle is holding the highs down.Note
Soon time to keep you eyes on the price actionNote
Veery nice bull trap. I saw many top traders go in too soon. Back to retracing in the triangle.Order cancelled
Probable bull trap turned into a sell-off. Lame trade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.