Sometimes the market whispers before it roars. If you're watching First Majestic Silver (AG), those whispers just became a chant. In this post, I break down the technical patterns, potential numerology synchronicities, and trader psychology that could signal something big brewing for AG. Whether you're a skeptic or a believer, the confluence here is too compelling to ignore.
1. Descending Triangle (Weekly Chart)
Let's start with the macro structure: a descending triangle stretching all the way from Feb 1, 2021 to April 23, 2025. This isn’t just any triangle. Its base lines up perfectly with today’s breakout candle low, forming a multi-year support zone around the $5.90 - $6.00 range.
In technical analysis, descending triangles often resolve in the direction of the trend preceding their formation. Given that AG was in a downtrend from 2021 highs, this bullish breakout now marks a significant shift in sentiment and market dynamics.
2. Hourly Chart: Inverse Head and Shoulders
Zoom in to the hourly chart and we get a classic reversal pattern: Inverse Head and Shoulders.
Left Shoulder: April 12 low
Head: April 16 low
Right Shoulder: April 19 low
Neckline: $6.38 — previously tested and rejected
Today’s breakout through this neckline is textbook. If this plays out:
Measured Move Target: ~$8.00
Why $8? It’s the level where AG failed to break out on Oct 29, 2023, making it a key resistance and psychological target.
3. Cloned Triangle Geometry (Gann Vibes)
Here’s where it gets interesting. Clone the triangle and flip it vertically:
The tip touches both the April 4, 2011 all-time high and the March 16, 2020 COVID pivot low.
This implies a natural "mirror" or cycle echo—like Gann’s time-price equivalence coming into play.
Coincidence? Maybe. But technical setups with this much harmony don’t appear every day.
4. Numerology and Time Symmetry
I know this part might sound woo-woo, but bear with me:
Feb 1, 2021 to April 23, 2025 = 1,177 days, or just over 3.22 years
AG’s breakout candle occurred on April 24
April 4, 2011 = 4/4/11 → 4 + 4 + 1 + 1 = 10
March 16, 2020 = 3 + 1 + 6 + 2 + 0 + 2 + 0 = 14
Total = 24 → Today’s date again: April 24
Even the closing price of $6.22 gives us 6+2+2 = 10, echoing the 2011 ATH numerology.
Take it with a grain of salt, but these repeating patterns may hint at cyclical alignment.
5. Volume Confirmation
The breakout came with a surge in volume, confirming the move and reducing the likelihood of a fake-out. Coupled with bullish RSI divergence, this gives the technical thesis real legs.
6. Macro Context: Silver vs Gold
While gold consolidates, silver is trying to play catch-up. This rotation into high-beta silver names makes sense and AG, being a retail favorite and highly shorted at times, is perfectly positioned for explosive upside.
7. Options Play: December 2026 Calls
For long-term traders, LEAPS (Long-Term Equity Anticipation Securities) could be the way to play this:
December 2026 Calls
Strike Range: $7, $8.50, $10
Low premium, high convexity potential
Conclusion: Is This the Signal or Just Noise?
You don’t have to be a believer in numerology or market mysticism to appreciate the convergence of:
Triangle breakout
Volume surge
Inverse head-and-shoulders
Price symmetry
Historical pivot touchpoints
All signs point toward a potential trend reversal for AG. At the very least, this setup offers a high reward-to-risk swing opportunity. At best? You might just be witnessing the start of a major silver bull move.
What’s Your Take?
Do you see the same signals or think this is just coincidental noise?
Joel | The Accidental Retiree
"Retired. Sort of. But still trading like I mean it."
1. Descending Triangle (Weekly Chart)
Let's start with the macro structure: a descending triangle stretching all the way from Feb 1, 2021 to April 23, 2025. This isn’t just any triangle. Its base lines up perfectly with today’s breakout candle low, forming a multi-year support zone around the $5.90 - $6.00 range.
In technical analysis, descending triangles often resolve in the direction of the trend preceding their formation. Given that AG was in a downtrend from 2021 highs, this bullish breakout now marks a significant shift in sentiment and market dynamics.
2. Hourly Chart: Inverse Head and Shoulders
Zoom in to the hourly chart and we get a classic reversal pattern: Inverse Head and Shoulders.
Left Shoulder: April 12 low
Head: April 16 low
Right Shoulder: April 19 low
Neckline: $6.38 — previously tested and rejected
Today’s breakout through this neckline is textbook. If this plays out:
Measured Move Target: ~$8.00
Why $8? It’s the level where AG failed to break out on Oct 29, 2023, making it a key resistance and psychological target.
3. Cloned Triangle Geometry (Gann Vibes)
Here’s where it gets interesting. Clone the triangle and flip it vertically:
The tip touches both the April 4, 2011 all-time high and the March 16, 2020 COVID pivot low.
This implies a natural "mirror" or cycle echo—like Gann’s time-price equivalence coming into play.
Coincidence? Maybe. But technical setups with this much harmony don’t appear every day.
4. Numerology and Time Symmetry
I know this part might sound woo-woo, but bear with me:
Feb 1, 2021 to April 23, 2025 = 1,177 days, or just over 3.22 years
AG’s breakout candle occurred on April 24
April 4, 2011 = 4/4/11 → 4 + 4 + 1 + 1 = 10
March 16, 2020 = 3 + 1 + 6 + 2 + 0 + 2 + 0 = 14
Total = 24 → Today’s date again: April 24
Even the closing price of $6.22 gives us 6+2+2 = 10, echoing the 2011 ATH numerology.
Take it with a grain of salt, but these repeating patterns may hint at cyclical alignment.
5. Volume Confirmation
The breakout came with a surge in volume, confirming the move and reducing the likelihood of a fake-out. Coupled with bullish RSI divergence, this gives the technical thesis real legs.
6. Macro Context: Silver vs Gold
While gold consolidates, silver is trying to play catch-up. This rotation into high-beta silver names makes sense and AG, being a retail favorite and highly shorted at times, is perfectly positioned for explosive upside.
7. Options Play: December 2026 Calls
For long-term traders, LEAPS (Long-Term Equity Anticipation Securities) could be the way to play this:
December 2026 Calls
Strike Range: $7, $8.50, $10
Low premium, high convexity potential
Conclusion: Is This the Signal or Just Noise?
You don’t have to be a believer in numerology or market mysticism to appreciate the convergence of:
Triangle breakout
Volume surge
Inverse head-and-shoulders
Price symmetry
Historical pivot touchpoints
All signs point toward a potential trend reversal for AG. At the very least, this setup offers a high reward-to-risk swing opportunity. At best? You might just be witnessing the start of a major silver bull move.
What’s Your Take?
Do you see the same signals or think this is just coincidental noise?
Joel | The Accidental Retiree
"Retired. Sort of. But still trading like I mean it."
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.