Turnaround dates (highs and lows) can be calculated in advance using our proprietary models. The turning dates have an average tolerance of about three trading days. In 80% of the cases it is even only two trading days. This gives us a very good directional filter in advance within our analysis methods, with which we have been working successfully for many years.
Thus also in the current example to silver numerous turning dates could be limited very precisely.
Current environment:
Silver has been in a technically clean uptrend with rising highs and lows since around mid-December. The backed high of February 24 (cyclically calculated turning point) has arrived with a tolerance of one day! Currently, a further price decline is to be expected until around March 01. A temporary stab through the lower boundary level of 25.90 USD cannot be ruled out. Then, the price should experience a stabilization and lead to an approx. 2-3 day upward impulse.
Note:
Three special analysis methods are used within our trading strategy. In this article only partial aspects were published and represents neither a complete trading system nor an investment advice or purchase recommendation.