SLV trade ideas
Silver/Gold Triple Three Pattern? HelpSpent a silly amount of time on this. Every Combo pattern seemed off until I came across this one.
Wanted to focus only on Elliot Wave Theory. I'm trying to learn more about combination structures WXY and would welcome an expert opinion if any have one.
There's some sort of double corrective structure going on here in Silver, I can just smell it. But can't put my finger on it.
I'm reaching far out on this one so it could easily get invalidated, but it corresponds nicely to what I was originally thinking would play out in Gold/Silver over the next year. It took me a very long time before I realized that we might only be half-way through this corrective period, and this is the only structure that fits given that we only have half the price action to speculate off of.
Just throwing a stray metals post out into the ether of bitcoin posts.
This is the link to the idea:
www.google.com
SLV Yearly Vwap $15.7Targeting $SLV to the Yearly VWAP at $15.7 with September $15 Call Options. If VWAP holds, the top of the triangle at $16 should be reached.
OPENING: SLV AUG/SEPT 15.5/13 CALL DIAGONAL... for a 1.89/contract debit.
Metrics:
Max Loss on Setup: $189/contract
Max Profit on Setup: $61/contract
Break Even: 14.89 versus 14.93 spot
Debit Paid/Spread Width Ratio: 75.6%
Notes: Taking a directional shot on SLV weakness here. Will look to take profit at 20% of what I put the trade on for ... .
SLV, Daily, BullishA day late, but I am bullish on SLV (Silver). The triangle pattern is well established.
Williams is the only indicator suggesting oversold conditions right now.
Setting stop loss near yesterday's low makes this a low risk opportunity.
Silver Explosion | SLV for the long termWith crypto and stocks, many overlook that boring shiny thing that used to be the basis for sound money.
Personally, i like the actual physical silver...and it's a good idea to have some for a rainy day...or financial collapse....or a zombie apocalypse (and based on how many people are on side-effect laden meds, maybe that's not so far away, though i digress).
But for now, I wanted to draw your attention to some things to note for silver. In this SLV chart, you can see a bollinger band squeeze never seen before since SLV was created. You can see prior movements when the bollinger bands got anywhere near this close...
Also, there is a years long trend line on RSI.. and another trendline to notice on MACD.
I can't be sure, but just considering mining costs, the price of silver can only go so low.
Also, there is threat of inflation (as well as deflation) and there have long been publications about global dwindling supply of silver and COMEX rigging with JP Morgan and HSBC and a whole bunch of games with the paper price of silver while the real physical metal is acquired...on and on...
Anyway, be on a lookout for silver to finally spring after being coiled for so long.
SLV - Sidewards tradingHey guys!
As u can see in graph, we are in sidewards trend since several month.
I marked u Support and reistance area, in graph and RSI.
We can use this to do sidewards scalping, generating nice shortterm gains.
Happy trading!
!! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
Upcoming silver breakout!When silver breaks up above the downtrend line, I think a very nice trade is setup
Silver pop ahead?Silver's trend is forming a symmetrical triangle and may be gradually swinging upwards. Given intense market volatility, an upward breakout seems more likely.
SILVER forming up to go on a tearMarket cycle is about to restart, consolidation and accumulation has been consistent for several months now and it looks ready to burst out of this wedge soon. Lets look for more volume but this could be a great relatively safe play
SLV too soon to lock the profitafter pullback of the trade price will advance up a lot
because the price will be at the lovest point of the rang
there is a visible triangle, but unfortunatly I move the stop loss into the zone and was kiked out.
OPENING: SLV JULY 20TH 16 SHORT/OCT 19TH 13 LONG PUT DIAGONAL... for an .79/contract credit.
Taking a directional shot here on silver weakness. In essence, it's a synthetic covered call with the short put aspect of the setup around the 70 delta. The long put is thrown in to bring in buying power effect over the naked for those that are working in a cash secured environment. On margin, you won't be saving much in buying power by buying the long ... .
Will look to take profit on just the short aspect at 50% max and look to reuse the long if another bullish assumption setup presents itself between now and October ... .
Silver - Price in Bottom of Range of the SLV, Is It Going Up?Silver - still a good entry point as the last couple days, and moving up from the bottom of its range.
There is a whole, whole lot going on in the silver (and gold) story, but that's another article. For now I'd like to point out some action on the SLV 's chart.
Silver has been bouncing in a tight range for much of 2018. Buying in the low $15's and selling on the way up has worked for a lot of this year. Betting against silver has worked too, but because of the accumulation of physical silver by several large entities and for other reasons, I don't believe price will stay this low much longer.
Silver is being pushed lower by a stronger dollar, rising yields, and a host of other factors including competition with cryptocurrencies as a place for capital to go. But sentiment is rising for silver as a standby that, put bluntly, isn't gold and isn't subject to gold's issues; in addition to being recognized as a safe asset that has strong potential for appreciation as other things - markets, stocks, bonds, cryptos, presidents, deals, etc. - decide what they want to do.
In the interest of simply disseminating a good entry point in the SLV and saving a more in-depth article for later this week, I'll cut this short and just point out the action in SLV's price - indicators and patterns alike are pointing to upward movement out of the bottom of the range.
Please like, follow, and share, and maybe we can have fun and do great things together.
Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
Extremely Bullish Silver XAGUSD SLVBeen watching Silver since the beginning of 2018, price action has been extremely bullish.. a lot of traders are short at these historical levels.
$SLV @ Big ResistanceLong term downtrend is still intact but things get interesting above $17 for those looking to play bullishly.
SLV could catch a serious bid if it breaks this downtrend vs GLDSilver is so hated right now that it could have a big technical move. That won't happen until SLV starts outperforming GLD>
Fourth time the charm for Silver?Silver shot up to resistance several weeks back but dropped hard testing support. My expectation was that if silver once again failed to break out to a higher high, it could break out of the pennant and drop, building a bear channel.
It appears that silver is now set up for another three week test of the high. As the arrows point out, the last three times we had a similar setup, price failed. Forth time could be the charm. If not, might be the last chance to get out before much lower prices.
