5699 replies to this topic

[CHAx]

https://www.tradingv...com/x/4LUD9v24/

 

My current working count.  Time frames or waves can get extensions in third or fifth waves of course....

Edited by CHAx, 23 March 2023 - 10:48 AM.

[Smithy]

Thanks CHAx, I agree with you; Senor has your IV as a large wave 2. Perhaps he'll visit and comment.

[K Wave]

Silver starting to look like it may have won the battle to bust the last resistance at 2 hour line....

 

PL all over the place.

 

My only concern here would be if PL breaks down along with stocks, then Silver might eventually cough up the 2 hour victory

 

But as long as above, bulls doing what they need to for a LT turn attempt.

 

Once past 24, likely gonna be hard on bears....gotta get there first though.

 

[K Wave]

G/S also attempting break the 1 hour line here, so possibly another mile marker down...

 

[linrom1]

I am short miners here.

[linrom1]

Silver is going to either $50 or $10? It's a coin toss. There is just unexplainable lack of Open Interest --- there basically are no futures buyers, just traders. This is completely the opposite of what retail is doing.

Edited by linrom1, 24 March 2023 - 08:59 AM.

[CHAx]

Silver is going to either $50 or $10? It's a coin toss. There is just unexplainable lack of Open Interest --- there basically are no futures buyers, just traders. This is completely the opposite of what retail is doing.

https://www.barchart...on=2025-01-17-m

 

Implied volatility on January 2025 SLV calls/puts would allow profit by betting on both, with one option going to zero and the other being a multi-bagger, depending on exact strike price.

 

Just saying that market makers don't agree with this assessment but if they are wrong, one could profit.

[dougie]

fred hickey pumped OSK and now look at her go

[K Wave]

15 min PL...lookin' a bit sketchy

 

[K Wave]

Silver is going to either $50 or $10? It's a coin toss. There is just unexplainable lack of Open Interest --- there basically are no futures buyers, just traders. This is completely the opposite of what retail is doing.

If Silver goes to 50, likely goin' a lot higher than that.

 

24 is the trigger point, and not that far away....but bulls have to actually take it out, not just get close.

Failure to do so could still lead to lower prices, the 22.70 breakout level looks like the big pivot bulls need to hold now.

 

Pretty powerful reversal candle on Feb 2, so market still under bear control until that is eradicated.

And if it IS taken out, has to be viewed as huge victory by bulls.