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SLV

Beware False Breakouts! How To Spot Them...Investors should use basic Technical Analysis for powerful decision making. I see it as a challenge to demonstrate how useful knowledge of one simple pattern can be to identify price reversals. Recognizing this pattern and acting on it will save much money and headache! Both traders and investors need to be on guard for false breakout reversals. Seeing this pattern in action can provide an excellent profit target, entry point, or prevent major drawdown! In this video I look at examples in the Silver ETF AMEX:SLV , Spotify stock NYSE:SPOT , and Forex Euro/Dollar pair FX:EURUSD for false breakouts and what follows. I am excited to make this video for my viewers and for Best of Us Investing!
NASDAQ:AAPLEducation
by norok
72
Bullish Gold? Not really - Gold would have to breakout over $1900 Last week we touched 1847 - which held, and then price dropped to about 1830 Running into a trendline which was on my chart - this trendline held. See chart at bottom. Firstly all the shorts lined up at 1845-ish got beat today. As price worked up to the next Fib level - exactly. I realize that many will see this as bullish as Gold went up while the markets were selling off - to my mind it was just a stop run. Still believe we'll head lower but right with Fed meeting tomorrow - all bets are off. Its possible that they will sweep the book - go higher and then pull the rug. You'll need expert video game reflexes to stay ahead of the Gold in next day or so. Rather than play the futures market - I've opted for safer puts in GLD - 169 Feb 18 expiry. I had closed my previous position for a $10 winner but it did not hit target - but honestly I took it off because of the upcoming Fed Meeting.
COMEX:GC1!Short
by Maximilianned
SLV - Safe to re-enter the fraySLV weekly chart showing a prominent double bottom with the Sept low and Dec retest holding nicely. With the long term trend line lending support, it appears safe to renter the slippery silver paper waters once again. SLV will likely try to play catch-up to COPX (also shown) which has gained +20% since Dec 20th. I doubt SLV will post those high % gains but a 10% pop seems highly doable by months end or early Feb. Weekly RSI and Stoch are trending upwards with plenty room to run from here. In the shorter time frames (4 hour chart - not shown) the RSI and Stoch appear over-bought on SLV and with 4 up days in row including a gap up today - will look for an entry price on a modest pull back/gap fill into Friday of this week. Max pain sitting at $21 this Friday maximum-pain.com Not financial advice.
AMEX:SLVLong
by Akksujean
Bullish on the iShares Silver. SLV Indeed. WXY on the greater B there, then pivot, now a probable B. No definites in analyzing any market. Ever. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
AMEX:SLVLong
by Rykin_Capital
Golds decision is here Gold will most likely rally to the 1855-1860 area before having a significant pullback. That area marks the major trendline that has marked the tops of this consolidation that has lasted close to 18 months. The bullish case would be marked by a touch of the trendline , a correction, then a decisive break and rally. The length of the consolidation will lead to a significant move that would target the all time highs and possibly much higher. A fail at the trend line will send gold plummeting to my lower support levels at 1669 then 1551. The next few weeks will be interesting! Safe trading.
TVC:GOLDLong
by Fida4u
SILVER READY FOR MAJOR BREAK-OUT HIGHERHello, Last time I posted bearish scenario for silver but as weekly candle did not close below important weekly levels, I reverse my bias and now lean towards bullish price action on silver. This system I use with fractals works out well for me and gives quite decent price targets for the future. Do with it whatever you see fit. Dollar is on major break-down point, inflation is rising rapidly. Expecting silver and gold to break higher :) This is not a financial advice, stay safe!
TVC:SILVERLong
by Patrikas10
5
Silver has a decision to make Silver looks to be in the midst of a pullback. Wensdays FOMC meeting and fridays non farm payroll numbers will be crucial to the markets movement next week. If the fed sounds very hawkish, the pullback will likely go a little deeper for silver, possibly to the $22.60-$23 level. In the case where the fed comes off dovish or metals react positively, I see silver quickly rising to the $25.5-$26 level. The 200 daily moving average sits at $25.50, a test of the 200DMA at this point would be expected. The majority of silvers range between August last year and this years August was between $26-$27.7. The $26 level used to be support , now it serves as a resistance.
TVC:SILVERLong
by Fida4u
2