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ONE YEAR SILVER CONTRACTING TRIANGLE ENDING?


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#11 dougie

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Posted 21 July 2021 - 02:54 PM

Something like this Senor?



#12 senorBS

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Posted 21 July 2021 - 02:55 PM

Senor:"If this count is correct there is likely something like 8 plus pts of upside "

in what time frame would you sexpect to see that unfold per chance?

Thrusts are usually rapid affairs, 2-3 months perhaps (or less) in this case IF correct on count, I usually don't worry about "time" that much

 

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#13 dougie

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Posted 21 July 2021 - 03:30 PM

BIG IF



#14 dougie

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Posted 21 July 2021 - 03:59 PM

SILJ : simple backtest of failure?



#15 senorBS

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Posted 21 July 2021 - 05:06 PM

Something like this Senor?

Yep, and we'll see if it plays out

 

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#16 dougie

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Posted 21 July 2021 - 05:30 PM

Silver alternate



#17 senorBS

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Posted 21 July 2021 - 08:04 PM

can't rule that out but the contracting tri pattern runs across the board (and IMO looks even better) in all those "silver priced in other currencies" and that to me is compelling for the "weight of evidence" argument - time will tell

 

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Edited by senorBS, 21 July 2021 - 08:06 PM.


#18 senorBS

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Posted 22 July 2021 - 11:07 AM

Well the first significant bit of bullish evidence IMO comes from the SLV which of course does not include after hrs/overnight trading but basically has the same potential contracting triangle that I wrote about in silver vs all key currencies. SLV from its recent decline low looks like 5 up hourly at this time to todays highs (so far) from recent low at 23. So at least a significant "trading" low likely has been seen, whether it is the possible Wave "E" remains to be seen

 

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Bingo bango bongo "so far" as 5 up was correct, quick abc decline this mornin and now new rally highs above 5 up high - no excuses SLV should be in a wave 3 up near term, big fade today from here NOT good near term 

 

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#19 dougie

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Posted 22 July 2021 - 12:17 PM

this is for the marbles



#20 senorBS

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Posted 22 July 2021 - 01:05 PM

this is for the marbles

a big SI SI and NO BS

 

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