SILVER preparing for new highs after four years

A low risk trade as precious metals are getting more interesting. I'm preparing for at least a 100 % gain in the long term on silver. I'm not bullish on very many commodities/stocks/indexes right now. But this has got some hard value in challenging times (ahead).

You can see my targets which are only long term estimates. I would probably do a tight leverage trade on this. The stop is easy to apply aswell.
Note the lower trend line which indeed can be drawn 12-14 years back! The Ichimoku cloud has next to no resistance and accumulation is building up.

Hope we won't go into a bear market overall during the coming year but a lot of charts show decreasing relative strength. There is indeed money to be made on bear certificates right now and in the long run.

Commentaire:

I should add that the desperate times that may come could also lead to the complete opposite. A universal withdrawal from the markets could also be a safe haven depending on the coming development. Personally I would see more value in commodities than cash. Let's see.

Commentaire:

Extremely undecisive candles. Stoch RSI is bullish but volume weak. Big move in either direction ahead.

Commentaire:

My guess is leaning towards a long squeeze. A descending triangle is holding the highs down.

Commentaire:

Soon time to keep you eyes on the price action

Commentaire:

Veery nice bull trap. I saw many top traders go in too soon. Back to retracing in the triangle.

Ordre annulé:

Probable bull trap turned into a sell-off. Lame trade