Looks like it's broken out of its sideways channel, possible wave 4 for the next leg up ⬆️
Longer term view, long purely based on Fibonacci levels, great weekly bounce off 61.8% Fib level - Two target levels on chart - I'm long from $15
Silver is breaking out to the bullish side, repeating the price action prior to the Trump elections. This will set up a great short which I will look to build into a position at the 50/61.8% Fib levels as done previously.
Should be bottoming and finding support here - even for a respite, should it continue lower
Been long since last Friday @ Support - Will look to take profits at gap resistance ahead - If breaks convincingly then will look to sell at top trendline
Possible Cup & Handle as seen previously. Will wait for confirmation for handle to breakout...
Apple looks good to go long as it approaches multiple support trendlines and GAP action
Long on Z - good bounce off support - see if it holds and forms hammer
Perfect hammer coming off breakout. Retesting the broken trendline and acting as support - Just need more volume in next few trading days - Initial target will be the top trendline which was tested but failed to break.
LinkedIn bounced off support perfectly at current resistance, if breaks look for final resistance (top red triangle)
Notes on chart. Could be an IHNS or descending triangle. Interesting to see where this goes.... As of late Gold has had an inverse relationship with the indices (S&P500) if this brakes down could be bullish for markets whereas a brake upward could be bearish for equities. However both Gold and equities could be in a position where they both seem have a positive...
Waiting for a retrace back to support levels on chart. If the previous RSI is anything to go by, it should set up a nice long as the RSI reaches support. However the wedge could turn bearish is support is broken....