Silver (XAGEUR) is looking bright as day
Aktualisiert
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.
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.
Trade ist aktiv
Anmerkung
the major hurdle to the price will be the ICHIMOKU cloud.
Trade wurde manuell geschlossen
Silver did not outperform gold on this run but it was a nice trade anyway. time to take profit and keep it safe.Anmerkung
after a period of consolidation SILVER seems ready to go up again.
Trade ist aktiv
The market never cease to amaze me.
let's be greedy
Trade geschlossen: Stop wurde erreicht
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.
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