My count has a bullish ABCDE Triangle Corrective Wave unfolding for SLV., and if confirmed it will likely continue "sideways" for a bit longer.
See chart for general price and wave predictions. Waiting for confirmation that Wave C is done.
Indicators looking like a turn up is in the cards but volume isn't confirming IMO. However I wonder how/if retail interest in physical silver may be skewing this metric.
If the C wave continues down a little then reverses - still bullish for SLV longer term and potentially a bullish ABC correction. If Wave C down breaks below $21.xx will revaluate bull case.
Note:
COPX has been turning up here as well. Bullish!
No active trades = Neutral
Not financial advice.
See chart for general price and wave predictions. Waiting for confirmation that Wave C is done.
Indicators looking like a turn up is in the cards but volume isn't confirming IMO. However I wonder how/if retail interest in physical silver may be skewing this metric.
If the C wave continues down a little then reverses - still bullish for SLV longer term and potentially a bullish ABC correction. If Wave C down breaks below $21.xx will revaluate bull case.
Note:
COPX has been turning up here as well. Bullish!No active trades = Neutral
Not financial advice.
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.