Silver had quite the nice and sudden retracement but it looks like we are staged for a quick move up. The 12 MACD looks like it should be screaming upward with bullish divergence. If you go to a lower timeframe you see a neat accending triannle forming and the EMA ribbon suggest we are on the verge of breaking out.
I am still looking for a longer term continuation pattern, and an accending triangle would make me the most confident that all my other TA and worldview is correct. We will see if I have to settle for a different contination pattern.
Gold is roughly in a similar position except the micro formation is already performing.
I am still looking for a longer term continuation pattern, and an accending triangle would make me the most confident that all my other TA and worldview is correct. We will see if I have to settle for a different contination pattern.
Gold is roughly in a similar position except the micro formation is already performing.
Note
Accending triangle is performing as we break out of the pattern and the EMA ribbon. Lets see a new relative high.
Note
Well, bugger, the acceding triangle performed and we are back at the long term trend line.I was hoping we would hope from the steep angled uptrend to the shallower uptrend, and ultimately I think we will, but it seems to be taking longer than I hoped.
Note
Note
My other silver posts show I have simplified my chart formations to a flagpole with falling wedge. If/when this performs to target I'll look and see of the black trend lines in the post above come into play.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.