Right hemisphere still needs to be carved out... So two paths imagined. Pull back now then move up? Or move up right away? Lots of details on this chart.. so take your time to observe...
What was the sentiment when it had dropped hard and resting on support line? Didn't stop it from dropping alot more! Bad things happen when below 12 & 36 period moving averages.
Setup for next huge explosive move towards 2250$ via bullish descending broadening wedge patterns, last seen in 2007-2009
In a precious metals bull era, silver's moves come in three. First move completed. Next target on deck 47$, then 65$.
Arc right hemisphere holding up the price of the Swiss Franc vs the US Dollar. If the arc holds, then it's game on for resumption of precious metals bull era.
Two cosecutive same colored monthly Renko blocks signifie some more trend in that direction. Now, only second time 2 consecutive blocks. Note those markee dates. Pradigm Shifts. Target 500:1 Dow to silver ratio.
If we are starting an new important inflation cycle, increasing rates indicated incoming inflation. Transition will be accompanied by wall of worries and volatility. Look to higher time frames for a noise reduced guidance.
Quarterly candles with a custom 15 month moving average. The strong move was made from bear zone to bull zone. Now time to rest and test those important breakout levels (now support). Still have a 1430$.
In a precious metals bull era, note how silver can easily move UP with real rates, sensing their eventual nose dive. As long as Silver senses another eventual nose dive, it will move up with real rates ahead of that move. When we have the final uber negative real rates, accompanied with "death of the US equities" head line news on CNBC, and the Dow to Silver...
Quarter after quarter, First majestic has been grinding higher. Smaller time frames is a volatility mine zone. Traders beware. A convincing quarter close above 22.82$ enacts furthur up targets.
When silver moves 122% off a bottom... it usually continues to rally upwards. One exception... Next wave up 56$ - 152$ target range.
79% - 275% moves in 579 days - 2150 days
A quarterly close above continuation breakout line at 0.75$ enacts the reverse symmetry move to target at 3.25$.
Gold's semestrial "pitch forks" log chart, with MACD indicator yields some pretty interesting information. That a crossroads is being embarked on, towards a retest of a previous long term rising channel as defined my a generational pitch fork.
Is this it for silver? Smaller time frames always less effective than higher time frames… but it always starts there, from the smallest most insignificant ripple. Currently sitting on the right side of the resistance.. really.. really coiled… Oh man!
inflation is there guys... sugar knows AHEAD of cpi official numbers come out...