Bears are in full control of SILVER. Capitulation is coming.
Updated
Ladies and gentlemen,
Today my bear-radar is on FOREX.
Supply estimation :
About 1.5 million tons of silver have been mined from the earth over the course of human history.
Is Silver a store value in case of economic crash ?
During 10 years, Silver was in a massive bullrun. The 5th wave, in EW theory, shows an over-extension of the 3rd. The over-extension is 2.618 which signals, on a monthly timeframe, a Bubble-market. Crash are generally worst in term of price and time than the precedent bubble : the last 10 years have shown the power of the bears in this volatil market. For now, Silver looks way more bearish than gold.
Technical analysis :
The price is currently consolidating at the D point of the EW's descending triangle. Volatility is normally compressed and the pattern is ready to play out. That type of triangle breakdown approximately 70% of the time. It's generally a very simple trade if you wait the confirmation of the break. On this trade we are anticipating this breakdown and shorting the current resistance.
- RSI shows hidden bearish divergence and monthly bear-market area.
- ABC needs to be completed by 1:1 extension on logscale.
Type of market : Irrational (Crash).
Type of trade : Continuation (speculation+).
Please if you like this type of content, show me your support with your comments, likes and shares !
Let me know which asset you would see me to analyse for you (it's 100% free, as all my content).
Have a lovely day !
DISCLAIMER : I'm not a financial advisor. I can't be responsible of your losses. You trade at YOUR OWN risk.
Today my bear-radar is on FOREX.
Supply estimation :
About 1.5 million tons of silver have been mined from the earth over the course of human history.
Is Silver a store value in case of economic crash ?
During 10 years, Silver was in a massive bullrun. The 5th wave, in EW theory, shows an over-extension of the 3rd. The over-extension is 2.618 which signals, on a monthly timeframe, a Bubble-market. Crash are generally worst in term of price and time than the precedent bubble : the last 10 years have shown the power of the bears in this volatil market. For now, Silver looks way more bearish than gold.
Technical analysis :
The price is currently consolidating at the D point of the EW's descending triangle. Volatility is normally compressed and the pattern is ready to play out. That type of triangle breakdown approximately 70% of the time. It's generally a very simple trade if you wait the confirmation of the break. On this trade we are anticipating this breakdown and shorting the current resistance.
- RSI shows hidden bearish divergence and monthly bear-market area.
- ABC needs to be completed by 1:1 extension on logscale.
Type of market : Irrational (Crash).
Type of trade : Continuation (speculation+).
Please if you like this type of content, show me your support with your comments, likes and shares !
Let me know which asset you would see me to analyse for you (it's 100% free, as all my content).
Have a lovely day !
DISCLAIMER : I'm not a financial advisor. I can't be responsible of your losses. You trade at YOUR OWN risk.
Note
Trade obviously still active.Note
And one more working scenario Chirurgical.Please follow me to receive updates and new charts !
Note
Remember : capitulation is yet to come !Note
Capitulation begin.
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