Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

$iShares Silver Trust (SLV.US)$  I had previously covered th...

$iShares Silver Trust (SLV.US)$ I had previously covered the huge symmetrical triangle on SLV, whose target is still ~35. Note the demand zone in green (box).
This looks as though it may be trying to fill the daily gap down to 26.22, which also happens to be in the demand zone. This could technically go as low as ~23.50 and still be in demand, although my guess would be it would reverse upwards before then. It really depends on what DXY does. DXY IS getting close to the monthly base line of Ichimoku and the upper Bollinger band as well as the supply zone, so if it starts to reject precious metals should rebound.
The falling wedge breakout target is a minimum move of 1.40 to the upside from wherever it breaks out. I am contemplating selling a cash secured put on this. Derpy Trades
$iShares Silver Trust (SLV.US)$  I had previously covered the huge symmetrical triangle on SLV, whose target is still ~35. Note the demand zone in green (box). ...
$iShares Silver Trust (SLV.US)$  I had previously covered the huge symmetrical triangle on SLV, whose target is still ~35. Note the demand zone in green (box). ...
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
5
+0
Translate
Report
74K Views
Comment
Sign in to post a comment