Silver Breakout soon? Possible small retrace.
Updated
Ive been watching silver for quite some time now, and I can say I feel fortunate to be around for this long 20 consolidation coming to the next step.
This chart is fairly simple, as it should be.
Looking at the weekly, you can see the squeeze performing for the last 4 weeks, which would be a first, (or second if your counting 2015 in march, which went short)
Also we have our moku cloud cross, and our wedge of the last 3 years it has respected perfectly is coming to a point. Ironically the point is ending at new years almost exactly.
This leads me to believe that our DOW crash in the beginning of the year could have been worse, but "delayed" to this coming new years instead.
If the safe haven silver is "expected" to break out, but only in "bad times", it would make perfect sense for it to break out considering the DOW is ready for a bigger dip, and new years can create market fluctuations.
I believe silver could dip to 14 before its next inevitable bull run.
Silver is extremely undervalued, with the most room for gains compared to gold, and people will start to realize that much quicker then we think. Ill continue to stack silver.
Happy Trading!
This chart is fairly simple, as it should be.
Looking at the weekly, you can see the squeeze performing for the last 4 weeks, which would be a first, (or second if your counting 2015 in march, which went short)
Also we have our moku cloud cross, and our wedge of the last 3 years it has respected perfectly is coming to a point. Ironically the point is ending at new years almost exactly.
This leads me to believe that our DOW crash in the beginning of the year could have been worse, but "delayed" to this coming new years instead.
If the safe haven silver is "expected" to break out, but only in "bad times", it would make perfect sense for it to break out considering the DOW is ready for a bigger dip, and new years can create market fluctuations.
I believe silver could dip to 14 before its next inevitable bull run.
Silver is extremely undervalued, with the most room for gains compared to gold, and people will start to realize that much quicker then we think. Ill continue to stack silver.
Happy Trading!
Note
just realize i cant delete ideas after making a second chart of this with updated buy zone labels. sorry for re post in advanced <3Trade active
no faith in precious metals at the moment, but Ill update this. we are deep in the buy zone for a short term bounce.we have positive 4 hour squeeze and momentum change. but no buy signals on the daily.
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