CapitulationSeasonal bottom after FOMC in place. Next stop is the 500k dark pool above. $TLT $GLD $GDX
SLV trade ideas
$SLV / XAGUSD (Silver) BullishSeasonal Tendency set up into the new year
Demand Zone
4% Stop Loss 8-10% Gain
Silver ready to bounce back up.Silver has reached it support level around 14.75 dollar, multi signs from low levels RSI to bounce back up again. Silver had a massive downtrend and it seems to be ready to jump up again. With the coming december rate hike of the FED on december 12 until 13 silver and gold has reached a very low zone, silver punished more badly the gold. Silver has more potential to go higher, also when a lot of big investors and funds are promoting silver to go up again very fast.
12-01 SLV Chart (by Got Goldies)The rule outside of a channel breakout is a 3 tap retrace. The wick under the down move is bullish; it means buyers came in.
Example of a Symmetrical Triangle pattern on ETF MarketSymmetrical Triangle pattern on SLV, indicating breaking point for long position evaluation.
Bullish trend confirmed with Parabolic SAR indicator.
10-06-17 SLV Chart (by Got Goldies)Silver hit the line at $15.44 and now a huge buy signal sick appeared. :)
10-05 SLV Chart (by Got Goldies) I'm buying at hose V bottoms, below the line was the best place to buy.
I love this Silver chart.
Break of Downtrend Channel and Bullish CycleSo what we have here is a breakout from the Downtrend channel and if you are invested in silver at this point you may want to look at constructing a trading plan around it. I have a bullish algo cycle in the works until 9/25/2017 so you would look at buying the dips or scalping until then. OUr upside target is 17.58 with buy entries coming in at the 16.22 - 16.29 level with current intermediate support at 16.53
If we see high delta to the algo wave occurring between now and the 25th you will want to place a strangle on it with a bias to whichever side of the wave delta is happening.
Trade safely.
Silver wall of worrySilver looks to have bottomed quite some time back in 2015, the past year has been strong, while further ranging is a possibility I believe that $20, possibly even $23-25 is possible in the next 2-3 years.
At a glance the Ichi on the daily and weekly look neutral/bullish, while we have a neutral/bullish bias from Ichi on the monthly with a decent edge to edge trade setting up over the next couple of years.
Silver may be physically bulky but it is looking to do better than leaving cash sitting in a savings account. For the more practical among you check my following GLD chart.
Depending on how you draw the Fib we either are bumping up against the .78 level from the bubble top or have not quite yet reached it.
Finally the HA candles are leaning bullish.
We are below the cloud so some caution is warranted, but IMO worst case is a sideways to slightly upward market over the coming years.
Fractals don't tell me much on the monthly other than a reasonable location to place a stop.
Been liking silver since $14. Dipping under that was pretty crazy.
SILVER / SLV is a BEAR. Currently being leveled by GeopoliticalClick Links!
stockcharts.com
stockcharts.com AMEX:SLV
Silver/SLV would be rising tremendously since there has been so much tension going on over the last few weeks, but there is so much resistance from major trend-lines that its staying leveled.
Within the next few days, tension will ease and silver/slv will inevitably fall.
Potential on SLV for some great trades!Just follow my arrows on this one! Sticking to that trend line channel to a tee. I think a couple things could happen. 1, it could pop out of the channel and therefore, buy on the retest after the breakout, OR 2, it could trade back down to support where you can buy the bounce at a GREAT price. You could obv also short it back down there but I am just waiting for this one to go long on. Just have to be PAYtient on this one!
