Silver... About to Unwind
Silver and gold tend to move in tandem so this is not breaking new ground. See my post on Gold... link below
This is a monthly linear chart. Keep that in mind. The proposed move will take some time for momentum to develop.
As labeled on the chart I am expecting a 3rd wave down of "C" to commence soon. Commensurate with gold.
Price pattern is strikingly similar to the 1970's-'80s advance and unwind...
A move over $30.5 will break the short trade.
See Blue chart below for my projected target price..... 618 fib of wave A. Roughly $8.5.
This is a monthly linear chart. Keep that in mind. The proposed move will take some time for momentum to develop.
As labeled on the chart I am expecting a 3rd wave down of "C" to commence soon. Commensurate with gold.
Price pattern is strikingly similar to the 1970's-'80s advance and unwind...
A move over $30.5 will break the short trade.
See Blue chart below for my projected target price..... 618 fib of wave A. Roughly $8.5.
Note
Kinda has that sinking look to it...Note
Metals have advanced to the limits of make or break... Here is a very long term Silver line chart... You know my bias.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.