All I ask is for Silver to break above 26.7, as that has been key for elevated price stability for the last few months.. It would give me confidence in its' robustness for the coming week.
Purple triangles indicate 3 levels of support during this corrective phase. The 100D SMA will coincide well with the deepest target and set BTC up for a rally, I believe could push near 150k this cycle. Good luck to you all, don't risk what you are not willing to lose. This is speculation on price don't forget that.
BIAS CHECK this is my bias. I want to post for posterity's sake. We will know whether this was a good bet in the fullness of time. I suspect it will be, and this chart should give any silver n00b the perspective to persevere. #silversqueeze
Disjoint channel crossover possibly forming a megaphone channel that may dominate and exert control over the potential upside in EURUSD, it may also augur exaggerated downsides. The third red vertical is the 3rd of May. Let's see how these levels hold up.
Just a musing, now translating the EURUSD from a LT bearish wedge into a newly forming megaphone. Volatile to the downside if so, but in a tight range for now. Will post the close-up next. Retracing to the 1yr MA on the cards before resumption to the upside maybe.
BTC may return to base before moon with .5 retrace, channel touch, 100 (daily) SMA. then longgg, I mean more longer.
Additional comparison with the MOVE index, a sister to the VIX which measures volatility in bonds (as opposed to the S&P500). The fed may be forced to control the yield curve, a move that many see as inevitable and generally, positively correlated with the precious metals' performance. I'll add to this thread as I learn more, interview with danielle dimartino...
Recent yield rises have strengthened the dollar, but promises of trillions in stimulus may weaken the USD further. The rising channel on the EUR is in a 'Multi-Year full-breakout' mode. A breach of the blue channel will cause some re-evaluation. If the previous action in the lower half of the rising channel is to be a repeatable pattern, then we may see a...
Gold has been in consolidation since the summertime highs. The fundamental picture for gold is the same and strengthening. Lots of noise about the rising dollar and the 'end-of-days' for precious metals. While there are many obvious cases for Gold fundamentals, we are often presented with the binary view (ST speculator noise) where DXY and GOLD have an inverse...
Sugar is confidently surging for now into this thin zone toward 20. Consumer inflation will be felt when food prices are soon passed on, similarly with Oil and other commodities. Broad implications economically but when will the true inflationary pressures be communicated? See my cursive inflationary pressure roadmap for the next 5 years attached. Peace
Looking at a very general bear flag pattern signifying an outperformance by silver juniors of the S&P500. Re-test of the bottom channel points to a rebound in March-May. Probably a profit-taking window.
Happy new year folks! Chart originally inspired by Patrick/BadCharts. I've been committing to price targets (PT/Purple Triangle) lately. I'm happy to publish this incomplete/messy chart in order to bolster my conviction on the macros for the coming 5/10 years and to revisit my predictions in the years to come. PTs are based on multiple overlapping critical...
Bullish on this stock having now acheived over 200% from initial entry I am letting this ride the USA Uranium and REE narratives as they bothe develop independently. I'll update with smaller levels of technical resistance as it progresses, has space to run free with pullbacks until 7.80 , once confidently above 8 we have a clear tun to 20 in sight, see channel...
Gold/TLT confluence of channel midlines coincide with a potential spike-through on feb 18th?
The arc here has been reclaimed after a deep trace down to the 200D SMA, not yet comfortably/confidently back in the cup, but it could be a nice indication that may allow us some positivity. Good luck!
Gold/TLT trends point toward a potential top on 01 July '24, good coincidence with DXY pennant, currently broken down. I may post some smaller timeframe updates over the coming weeks. What does this chart say to you? Should I do Silver/TLT next?
Clearing this first resistance taking out Friday's highs will open up the possibility of testing the top of the rising blue daily channel. An escape of which may be unsustainably euphoric in it's ascent. Another back-test toward the mid line of the rising blue daily channel may be possible also. Let's watch
Falling from hourly channel, simultaneously invalidating the breakout of the daily-defined falling wedge. 1st support at 90.4, further selloff toward 89. Below 89 is Timbrrrr line. Bullish for metals, commodities and the wider market. Could be some surprises along the way. I originally expected this breakout to be further to the upside