Fibonacci43

Fibonacci43

Climbed approx 2.5%, one FIb level to .5 today Now that it's back in the wedge there's high probability near term strike price on the converging top line of the wedge and the .786 Fib level at $291-ish

Fibonacci43

Trendlines, Ewave, Fibonacci observations looking bullish. I added to my BABA position yesterday. Today price action was bullish confirmation of continuing move higher. See chart for notes.

Fibonacci43

Looks like BABA resting on some support today after falling from support yesterday. Currently resting on .786 fib level. BABA is CHEAP right now, but there can be more downside with major support at $230-ish level as the ultimate bottom (unless there's a market-wide sell-off this is not very probable. I am personally adding to my March calls here.

Fibonacci43

BTC 2017/18 highs Daily chart Not much resistance from these levels once passed to head to 18K Expect profit taking at 18K with pullback.

Fibonacci43

Yesterday SPY 200MA crossed the 50MA on the 2 hours chart. Today's pop was definitely driven by short coverings. SPY is now heading back into the downward price channel starting a new "A" wave as we head into the uncertainty of today's election. Pennsylvania results, unless there's a landslide, will not have results tonight or by tomorrow due to the Supreme...

Fibonacci43

SPX/S&P Chart. Tomorrow (10/6) it should test 3415 (yellow line), if it gaps up overnight it can easily cruise to the .236 Fib level at 3438, then there's good probability it will bounce off that ceiling and head lower, possibly back down to 3360 or the 038 Fib level, then there's the gap not far below that that can likely fill at some point before election.

Fibonacci43

Nothing fancy, keeping it simple here...some near term support levels traded today and looking forward in the near term SPY support levels 335.50, 332.75, and gap between 331.20

Fibonacci43

SLV needed to close above the $24.90 higher low of last week today to continue i's bullish trend on the weekly chart. Nothing fancy here, simple upward bullish trend. Yesterday Feds promised inflation which is the ultimate bull signal for precious metals, when considering phys demand remains very high and supply is very low in the US, falling dollar, and China and...

Fibonacci43

Despite some recent, expected volatility, SLV is holding a bullish trend on the weekly. It needs to finish above $24.90 to continue this trend. Also bullish, it held and bounced well off it's support. See my other charts to see important support levels.

Fibonacci43

Silver has been resilient, yet still dropping slightly as the DXY struggles at best to stay afloat trading near .94 Fed continues to print = falling Dxy = rising silver. Still extremely tight phys supply in US will keep silver prices supported and elevated as the price fluctuates due to Dxy There is strong support for from April 2013 and Aug/Sept 2013 at...

Fibonacci43

EXK is playing the Fibonacci game well on the daily and other time frame charts. Patience is key here knowing that silver is inevitably going higher between now and January. If you're holding EXK and waiting for $5 (which is not far off), the rewards will be fruitful, and $7 price range is not far-fetched due to silver's demand. Everything is pointing towards a...

Fibonacci43

Nice upward trend trading in a price channel. There was some pre-earnings profit taking, this was before silver's one-day price drop, but it has resumed its upward trend. Looking like it will soon re-enter the price channel. This dip is a good buying opportunity and I added to my position today.

Fibonacci43

As we can see on the 4 hour Fib SLV is playing nicely with it's expected levels. There's a gap to fill to 26.48 so as long as the metal keeps moving up, expect SLV to fill the gap relatively quickly and then move onward to the higher levels we've recently seen, and beyond. (see link for other chart) As for the sharp drop we had last Tuesday and it's near V...

Fibonacci43

Zooming out on the weekly SLV seeing 7 weeks of higher lows along with seven weeks of higher volume. As long as we close out today with a higher ow, we're looking good into next week. These minor pullbacks or not only bullish and necessary, they are gifts.

Fibonacci43 Updated 

SLV currently sitting at strong support from 2011, 2012, 2013, with a big gap down to next major support level at $23-ish. As long as Fed keeps promising to print money and dollar continues to look weak in the long term, I am loading up here. This pullback is very bullish and much needed, shaking out the weaker players.

Fibonacci43

We are at 25.05 close today, just shy of yesterdays close. After gap fill we had minor pullback and return to near hod indicating bears could not follow through. Now just need confirmed breakout above $25.17 before next res level of 27.75 Then the following res leveled to ATH 28.83 / 30 / 31.40 / 32.55 / 34 / 36 / 38.20 / 42 / 48.35 ATH (some of the res levels...

Fibonacci43 Updated 

Best to zoom into the daily chart, but I pulled back to fit it's current price view. The second resistant at near $30 is the stronger of the two.

Fibonacci43

Silver pushing on string resistance. If your a silver bull...don't a pussy and sell now. Be tough and lets break through this to fill the April 2013 gap to $25+