I’ve been tracking these for a while now… could real long term yields be heading back into the abyss? A weekly close below -0.45% enacts a -1.50% target, to magnetized median pivot line.
If this fractal places out, dead cat bounce target should be attained at 35$. I'm just wondering how much higher the price can gt squeezed before the run is possibly interrupted by a GFC type event.. and a violent correction into 2024 lows...
Then 4.85$ Now 26.40$ Quarterly close above this unleashes the flood gates.
A decision will be taken once the inner 1:1 circle is breached. Either a clock wise move downwards to next 1.618 outer ring... or a counter-clock wise move upwards, to that same 1.618 outer ring! Add trend lines to that for violations and trend detection.
90$ target Q2 2024. Combining a measured move helps estimate see when the upper spiral can be hit. This is THE silver Fibonnacii spiral.
Been trying these spirals for a long time... Finally got them to fit when i swithced back to linear scale!
91% moves have always led to bigger gains
A bull run start from a higher low has led to over shoots above previous all time highs.
Not quite the same as before... but now possibly 2 arcs creating incredible traction to propulse silver prices upwards. HANG ON TIGHT 47$ target.
Sugar up 1.9% today, now cleanly holding it's breakout above important "paradigm shift type" level of breakout line.
Ratios are great to spot if one asset is cheap or expensive versus another. Here is Kagi on monthly chart demonstrating this!
I tried to put in as much detail, how I see things. Cool to see the possible next Kagi solid line draw as month is about to close. Looks like "next month" is again critical for gold's bull era!
I had to put it on log (that is how bad the dxy has collapsed... yikes)
Just soo much happening... call me in case of questions.
I know, hard to appreciate this Atari "Adventure" lines... Actually a bullish construct for US Dollar, but not before going lower first!
The chart that made me lose 20% of my following... oh man Two roadmaps as defined by the Kagi quarterly chart with ATR (14) creating current reversal amount 3.50$. Which one is happening now? 1902-1980 road map (most of move in 1970s) OR 2004-2011 road map with 2008 GFC type detour?
Wow! Just stumbled on this Silver daily point and figure chart. All that consolidation since last August has created a series of new columns, bringing the price action to a second bounce of that possible arc. Arc seem to be reacting and holding. Next move will be critical. Notice the violence of silver's previous moves above 30$. Always explosive.