Silversell
SILVER-SELL strategyNo change in view. SEL @ current 22.00-22.10 and place stop-loss @ 22.75 above (changed from 22.60).
Profit order @ 21. 10 for now. The market is trying to push higher on the back of OIL price which is holding well. However, we are high stochastic and it is a warning we may turn the tide one of the coming days. For that reason still same view.
SILVER-NEUTRAL - SELLI am still convinced it is a sell, and stop 23.25 was reached... that is ok... the pattern it self and selling pressure still exists. For now still sell strategy.
Therefore, strategy is SELL @ $ 23.60-24.00 and stop above 25.20. It is medium-term view now. Objective still 21.50.
Hope better luck this time... :)
SILVER-SELL strategyI am happy I changed my mind yesterday. Silver is going south and so is GOLD.
We need to break through 24.52 to see strong down move, and I feel we may see $ 22.75 medium-term.
it is the unwinding of commodities and metals following each other. this will create JPY strength as well.
Sell current 24.60-25.00 range and place stop-loss above 26.10 for now.
SILVER-UPDATE - SELL strategyBoth Gold and Silver are showing slanted top, and it starts feeling nthat we will move to test $ 24.52 cloud support. The MACD is negative almost, and this applies to GOLD as well. Oil same, so it feels we are in a world of unwinding longs for commodities.
this will create JPY strength as well, and will help USDJPY to correct lower.
For now, abort LONG SILVER and start being on SELL side. I suggest SELL $ 25.00-25.25 and place stop-loss above 26.05.
Profit order @ 23.45.
Silver - SHORT; SELL it here!!All the PMs but especially Silver is a Major SHORT here, with a Low-risk Entry!
A Bullish G/S and a likely USD reversal here - even if potentially limited in scope - should underpin a substantial decline in all the metals, from these levels.
Charts like this are no help, either! (Stock market forced liquidations have a tendency to spare nothing and no one, not even the PMs - at least initially.)
SILVER - SHORT (Continuation); SELL it!! (... and forget it.)Much like in the old George Foreman grill commercials; "Just set (sell) it and forget it!". It's a dog but a great Short here!
Here is the "panoramic view";
It will deflate in 2 seconds flat, right along side with the rest of the currently prevalent inflation fantasies.
silver bearish interpretation (second alternative)Hello Traders
Today i'm doing an updated on Silver. A few weeks ago i posted a possible triangle formation for wave 4 but triangles are very tricky, so today i'm doing another possible wave count analysis (Still bearish), a WXY where wave A is a ZIg-Zag wave X a triangle and after triangle breakout an impulsive decline for wave C.