Something very interesting has been spotted in SILVER Technical Analysis today. BULL MARKET is very much alive and kicking..!!
SILVER Technical Analysis
Something very interesting has been spotted in SILVER Technical Analysis today.
Our system looks for chart patterns based solely on trend patterns.
We continually monitor the speed of a trend and compare it to a faster/slower trend over a number of data points.
We are not interested in short term price movements of less then 10-20 days, but more interested in a longer chart pattern
Something very interesting has caught our eye today with the price of SILVER.
Chart 1
100dMA (100 day simple moving average)
150dMA (150 day simple moving average)
200dMA (200 day simple moving average)
Chart 2
200dMA (200 day simple moving average)
300dMA (300 day simple moving average)
400dMA (400 day simple moving average)
BULLISH crossover alive an kidding..!!
You will see that over the 300dMA / 400dMA (300/400 day simple moving average) a BULLISH crossover has just been confirmed.
This BULLISH crossover reconfirms that the 6 year Bull Market that was triggered on December 18, 2015 is very much alive and kicking..!!
Thanks for reading and feel free to share.
Stephen
You'll be kicking yourself if you haven't loaded up on Silver.
I always say it's better to be a day, week, month early than a day late when this blows. Happy to upvote. Now following and looking forward to reading more of your posts. Catch us also on Twitter Twitter✔. Cheers. Stephen
They appear to be holding Silver down at $20 by issuing more whimsical paper. Do you think they won't be able to maintain that? It appears they think they can do whatever the heck they damn want.
I have been waiting for silver prices to take off. Until they do, I will keep accumulating and be patient.
The technical analysis gives me hope it will take off soon. Some of the analyst and commentators I have been following think silver prices will take off by the beginning of October.
Thank you for sharing the technical analysis!
Steem on,
Mike
You're very welcome. We are very excited to see this 300/400 dMA Crossover. This is EXTREMLY BULLISH and reconfirms that this is the REAL THING..!! Stephen
Sugar is making new highs today. Usually Silver follows.
Silver is getting hit hard today. The more the metal is forced down, the higher that spring will be bouncing up when the pressure will be released.
@stephenkendal not only the Bullish crossover, the candlesticks also confirms the the Bullish trend. Check the morning star Doji just two candles before your crossover. Also the next candle after the Morning star Doji is the Bullish engulfing pattern that conforms the morning star.
Thanks for the response. Happy to upvote. Now following and looking forward to reading more of your stuff. Catch us also on Twitter Twitter✔. Cheers. Stephen
Silver has been somewhat stronger than gold lately.