AGQ- A Silver on steroids ETF LONG
Updated
AGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great
uptrend from which it pivoted down in a 50% Fib. retracement which took two months
to complete. After a bit of consolidation and sideways channeling, it has finally launched
into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning
indicator printed a buy signal today as it reacted to a green engulfing candle crossing the
mean VWAP anchored from the pivot low of mid-March. This indicator has extreme accuracy
in its signals as demonstrated on its tables. On the MTF RSI indicator, the low TF RSI has been
riding above the higher and crossed the 50 level one week ago. The zero-lag MACD is
confirmatory. Overall AGQ is ready for a swing long trade which I will take. I will zoom
into a 30-60 minute time frame and look for a pivot low from which to enter. My target
is the line showing two standard deviations above the anchored mean VWAP presently
about 36.3 representing at least 20% potential upside and profit. The stop loss will be
narrow with the price presently at the mean VWAP and POC line of the visible range
volume profile I will set it at 29.85. ( The risk to reward is approximately 1:40 )
DYODD !
uptrend from which it pivoted down in a 50% Fib. retracement which took two months
to complete. After a bit of consolidation and sideways channeling, it has finally launched
into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning
indicator printed a buy signal today as it reacted to a green engulfing candle crossing the
mean VWAP anchored from the pivot low of mid-March. This indicator has extreme accuracy
in its signals as demonstrated on its tables. On the MTF RSI indicator, the low TF RSI has been
riding above the higher and crossed the 50 level one week ago. The zero-lag MACD is
confirmatory. Overall AGQ is ready for a swing long trade which I will take. I will zoom
into a 30-60 minute time frame and look for a pivot low from which to enter. My target
is the line showing two standard deviations above the anchored mean VWAP presently
about 36.3 representing at least 20% potential upside and profit. The stop loss will be
narrow with the price presently at the mean VWAP and POC line of the visible range
volume profile I will set it at 29.85. ( The risk to reward is approximately 1:40 )
DYODD !
Trade active
Price action upward today allowed the stop loss moves to above break-even- Now this is risk and stress-free tradeTrade active
Trade is progressing well. I have opened a set of call options for expiration onAugust 18th targeting $37.00 This could develop into a moonshot -stranger things
have happened.
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