Canadian Venture index --- Inverse head & shouldersGold has reached unprecedented heights, approaching the $3000 mark—a prediction we made with precision. Now is the moment to turn our attention to silver and the mining sector.
To start, let's examine the Canadian venture index, which is displaying a promising inverse head and shoulders pattern. I am confident that the logarithmic projection will be achieved without much difficulty.
JX trade ideas
$JX Canadian Venture Exchange - 'Cup & Handle'...Bullish Chart Plot with the pot'l for a fake move overthrowing the Lwr-Band of the Handle to Tap-n-Go from the 4Hr Grey/MA.
Most prefer to wait for a Break/out of the 'Cup' itself yet, entering on a re-entry after a Break/Down esp to a key/ma can get one in early with a tighter stop (which would be below the low of the fake move on a daily close below CAD/5.36)
Here we have more than 3/1 Risk/Reward Ratio to the 1st Target...
TSXV primed for a BULL RUN, which means SO ARE MINING STOCKSFor those into junior mining stocks, one of the best indicators of a bull run is the TSX Venture Exhange. Typically, when this chart bounces off oversold territory, it has led to strong bounces for most miners on this exchange and the overall mining sector.
A positive divergence is forming on the monthly. No guarantee it will hold up, but something to keep an eye on for sure.
TSX Venture... looking to close the year HUGE!Can this reverse symmertry move happen? If not, expect fireworks in Q1 2021. Implies huge move for silver and gold stocks... specially the juniors. However, markets have a tendancy to move slower than my imagination. #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $jx
15 years wedge on TSX Ventures ready to break outTSX Ventures Index has formed a huge wedge over the last 15 years.
It has reached the 76% Fibonacci projection and showing huge bullish divergence on monthly MACD.
Seems ready to break out on the upside with immense potential.
Highly bullish for juniors miners that constitute the core of this index (material is 37% of the index while energy is 35%).
Juniors miners ETF might be a good way to play this move (GDXJ, ZJG.TO).
S&P TSX VENTURE COMPOSITE INDEX long ideaThis Canadian index is full of precious metals, like gold and silver miners, cannabis stocks and commodities based resource stocks. It has been consolidating for quite some time as you can see... Looks to be breaking out now. Could be a good idea to find some decent picks in this index to go long over the next year or two.