Silver: Potential C & H Formation and Major Wave Count (Long AF)

17 мая 2021 г.

Hi all,

This is my first post here on Trading View but I've been active in trading and TA for some time.

I have yet to see anyone post a discussion of what I have implicated in the chart. For several reasons, technical and fundamental, I am bullish on silver and related miners.

I believe we are wrapping up consolidation / corrective wave period in wake of wave 1 last summer and entering the next impulse wave 3. In addition, does anyone NOT SEE the cup and handle that I do??

Further, in 2011 Silver hit near %50 with the Fed's stimulus in response to Financial Crisis. This time around the level of stimulus is 3-4x higher than that...

Putting these pieces together I remain bullish on silver (and gold too) and believe we will see another wave up this summer and fall. Wave 5 perhaps late 2022 into 2023?

Looking at $38 for this run up and pushing $50 and higher in the following wave. (We can discuss the 40 year C & H formation at a later time...)

BTW I like Hecla Mining (HL) for exposure to silver price movements. It is higher beta than SLV and even AGQ...it moves!! Managed over 100% in it last June/July and hoping for something kinda similar here..

This is definitely not financial advice, do your own research.

Best to all

Alt - B