A continuation of this channel would prove bearish. However, not convinced until bottom EMA crossover. Stay tuned.
FIB & Wedge holding strong. Short-term target: $7,450
Corrected FIB retracement. Sell volume + trend implies $5,500 price target by late December.
This 30 min. chart has 3 examples of the "master pattern" that the major banks (supposedly) use to create their liquidity. Pure theory, but nonetheless very interesting. There is a ton of great information on this pattern hiding around Google/YouTube! Throw a comment below if you uncover something fascinating in your research. Cheers.
Target price wide open if wave holds up.
Will enter when top of wedge re-tests. Whether the wedge completes here or the near future, great gains are expected for XAG long-term. Target: $18>
Huge gains ahead for JNUG & XAUUSD if this plays out.
Decreasing volume into ATH's implies another strong rejections.
Heavy buy volume followed by bottom wedge rejection implies favored downside as we head into earnings. $32 target.
Neutral until 1 of two scenarios happens: Bullish if ATH's are confidently broken; proving cup and handle. Bearish if we blast through $280 level.
If the bottom side of this ascending wedge is broken, then the $280 region is wide open. However, FED + international liquidity is holding this whole thing up at the moment; clouding true fundamental analysis . Short-term: Neutral Long-term: Downside favored.
Consolidation period is nearing completion. Anticipating a reversal at $1450, back to ATH's. Long-term upside heavily favored.
Second rejection of .23 will imply favored downside back to $100.