SLV retest of up leg 1 ( by Got Goldies)Going to back test the breakout for up leg 1. Next 2 weeks.
Rebuy #4 bottom.
SLV trade ideas
silver going up SLV Like this play a lot now that we officially have a higher low in the books. It looks like we've broken out of the down trend from the summer with authority.
SLV Inverted Head & Shoulders + Cup Handle BreakoutSLV formed a cup with handle on the weekly and has formed an inverted head and shoulders on the daily.
This is the Setup:
Trigger: 16.25
Stop: 15.75
Target: 23.80
Another Silver Cup with Handle + Inverted Head and ShoulderSilver has formed another cup with handle. Below is a link to the last one that formed in 2016.
In addition to this chart the daily has formed an inverse head and shoulders to break out of the handle.
I'm looking for a target of 23.78 by 2018.
I will publish my head and shoulders chart for an early entry in this cup with handle formation.
Breakout for Silver (SLV chart)Hi my original name is Got Goldies and I'm major Silver chartist.. this is what i believe should happen..and you can also follow me at Anatomy of Silver forum.
Small platform is finished. small wave 5 starts soon. Ideas is always change to cope with the chart from time by time.
$$$ SLV $$$ - SILVER AT SUPPORT ON MONTHLY TIMEFRAMESLV IS STARTING ITS UPTREND IN MONTHLY TIMEFRAME. VERY GOOD OPPORTUNITY TO BUY. PRICE AT SUPPORT, PRICE ABOVE UP TRENDLINE!!!
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Pushed out of the downward channelFinally silver has pushed out of the downward parallel channel.. now the next likely destination would be the 200 MA resistance
SLV at resistance againhas been channeling down for few months now and this time also its weak moving into resistance. likely to fade away before making a move out
SLV: Silver Updated target and posible course. Often after a long term bullish rise (as occurred in silver upto 2011) there is a slow time of consolidation from the overbought condition before the next and often final burst up. Sometimes this takes the form of triangle (contracting or expanding). With that in mind I thing we may be going to form a multi-year side ways triangle in silver. Just a guess. If this is correct it should be great for traders if we can stay in step.
With this in mind I favor we are about to start a "C" wave up to "BB" (see daily chart). C waves often are full of energy which I will be too if I am correct.
Currently we are still in a down channel on the daily chart. There is a small negative reversal currently in the daily RSI. I think we may get one more move down likely to the 14-14.5 area in the SLV. Good fib "relationships" at that level. If that occurs will be watching closely for a price action "trigger" to enter long. Of course it could go down to the 13 level to form a double bottom as well. Hope this ends up being helpful to your trading method. Comments always welcome.
Silver: Bullisch Harami pattern confirmed! Leg 3 begins?We get more conformation that the bottom in silver has arrived! On a weekly basis the candlesticks have formed a Bullish Harami pattern, which is a reversal pattern. Several patterns were already indicating that the bottom was in, so this is an other conformation. This gives us also more trust to the patterns we (I) see developing now...and make predictions of the patterns more trustful.
SLV Bearish Rising Wedge formingA rising wedge is forming setting up a short term drop after a failed breakout of the current downtrend. Selling Jan 20 $15.50 calls @ $.33
