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Massive percentage move about to take place in Silver/SLV as it works itself out of this pickle/jam?
The Power of the Pattern believes so!!!
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CLICK ON CHART TO ENLARGE
Massive percentage move about to take place in Silver/SLV as it works itself out of this pickle/jam?
The Power of the Pattern believes so!!!
This chart is a perfect fit for your sentiment extreme at support. Here is an updated Silver Sentiment chart that someone posted recently:
http://2.bp.blogspot.com/-pH8oGZbFYyA/T__SLijibGI/AAAAAAAAIYs/03ZjVP-YB4s/s1600/Silver+Sentiment.png
Based on the AUD as the catalyst, I´m wishing I was in ZSL last night at 3:59PM. The inverses correlation has been nicely related for a while.
No need to guess which way the breakout will be. Do a straddle with AUG options and enjoy the ride.
Yes, i’m watching this closely !
Yet, I find the chart somewhat confusing… it seems we have TWO descending triangles, a larger and a smaller one. You suggest we will have a breakout from the smaller triangle before the big plunge… but up to where will the pullback go? Up to the top of the larger triangle (or your channell)? Your arrows suggest it should go only half way… or is it better to wait 28ish support is broken to go short?
Looks like the little green arrow will be when the dollar handle is formed. or is silver trading on it own now?
by the looks of your chart you see a big move down —