AG/SILVERProblematic looking chart from a wave 3 point of view in silver miners so far 3 down from highs in the ratio . The big move up from lows clearly a 5 ..must hold levels
FMV trade ideas
AG potential upcoming buy opportunity As per the Chart
Abbreviations;
ND=No demand
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
SB= Supply Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov (Tradingview name: Chartreadingpro )
Money and risk Management - Dmitriy Lavrov
#RocketShip #silver #Majestic $AG #TradingVery bullish, and the underlying price of silver bodes well.
A big concern I see is the short float being 20% and the forward P/E being 200.71 - screams severely overbought
Short $AGShort $AG
10.37
SL 10.86 (-4.7%)
TG1 2.34 (+77.4%)
TG2 0.67 (+93.5%)
TD Sequential 9 Weekly
AG doughAnalysis done on 25/05/2020
Fundamental
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
Awaiting buy trigger
→ CCI <-100
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
Pull trigger
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
Stop Loss
→ 50% below price bought
Bearish Wolfe Wave Coming Up To EarningsPossible bearish wolfe wave / rising wedge on First Majestic Silver. Viewed on 4hr / 240min chart, also seen on daily chart. Coming up to earnings date. Just started trying to identify wolfe wave patterns, so will be interesting to see how this plays out.
AG Bullish Continuation?NYSE:AG Nice upward trend till about 9.55 resistance. Idea for bullish entry swing trade to resistance.
AG: $10 Short, this Silver Miner is RallyingFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my key insights. Currently AG is on a bullish run from what looks to be a price correction or an increase in demand, and you are looking at a price increase of $4.70 to $8.37 in a matter of 7 weeks which makes a stable increase of +78%. I believe realistically, it is expected to pass the $10 threshold within a few weeks at most.
First Majestic Silver Corp 1D 3 rising valley, Bullish.
HOWEVER - awaiting confirmation - see where #3 points.
First Majestic Silver - Key Levels to WatchWe can see higher highs forming and a key resistance at $8.
This resistance must be crushed with high volumes for the rally to sustain.
I think it is a nice trade to try out!
First Majestic Silver - Short term - BUY BUY BUY !!!
Breakup occured with high volume on 24 April.
RSI looking good.
Trend is bullish.
