Silver (XAGEUR) is looking bright as day

21 дек. 2019 г.

With today close I get a BUY signal from silver futures.
With this low volumes we can't consider it a breakout from the falling wedge like pattern just yet. But it is still remarquable.
concerning my indicators few noticeable things :
1- The RSI crossed above the to bolinger bands.
2- The Stochastic is up-sloping.
3- The price close above all exponential moving average.

Like all patterns of this type, we can expect a move to resistances lines situated at the start of the pattern.
My stop limit who would invalidate this technical analysis is below the 200 days EMA (blue curve).

I will keep you updated as the trend develop.
As always it is your own responsibility to manage risk properly.
Have a nice day.

21 дек. 2019 г.

Сделка активна

21 дек. 2019 г.

Заметка

the major hurdle to the price will be the ICHIMOKU cloud.

8 янв. 2020 г.

Сделка закрыта вручную

Silver did not outperform gold on this run but it was a nice trade anyway. time to take profit and keep it safe.

17 февр. 2020 г.

Заметка

after a period of consolidation SILVER seems ready to go up again.

25 февр. 2020 г.

Сделка активна

The market never cease to amaze me.
let's be greedy

1 мар. 2020 г.

Сделка закрыта: достигнута стоп-лосс цена

This engulfing candle on the weekly chart mark the end of this rally.
I was indeed expecting a higher high with "wave 5" but it did not happen.
Look like the wave 5 ended in a troncation.
So this Idea is closed no more update.
I will not long SILVER anymore as I expect a downtrend from there until the ABC correction is complete.