SILVER - June 2022 - Work in Progress

I love technical analysis. One of the "things" for lack of better word is my attempts to determine the probability of a pattern forming before it happens. To use as a guide. Hand in hand are monthly, weekly and daily levels of support and resistance. Identifying similarities in what ever asset, not over thinking and having a bias and adapting to changes. One of the patterns I see here is that Silver as from now seems to be following the same pattern as Gold. I think similar to the UK FTSE being a fore runner against the S&P and then digital (BTC) currencies.

Looks like a Bearish Gartley is forming on Silver. This is a rough sketch, my thoughts maybe more materialistic looking at my Gold TA (Technical Analysis).

This is a draft. My plan is to next map out monthly, weekly and daily support levels at the Gartley points of interest.

Kommentar:

Thoughts come to my mind. If I was an investor, where would I buy? It's easy drawing technical's on a large time frame with no capital invested. When the crunch comes to the crunch and you have something to lose, where do you make an entry? "I'd" buy now. Fib 0.618 bounce drawn from 14.825 to Swing high 30.123 bounce off of 21.7 hard stop at 20.0. Re-evaluate.