ONE YEAR SILVER CONTRACTING TRIANGLE ENDING?

 

SLV 24-24.50 looks to be THE key resistance zone, IMO if we get above there we are likely thrusting out of the contracting tri to new highs, patience IMO will be rewarded

 

Senor

yeah a fair amount of overhead resistance in there

 

Gold/silver/miners IMO lulling everyone to sleep - severe disinterest/apathy before a potential launch higher is my guess, as always DYODD

Senor

https://media1.tenor...?itemid=5336810

 

SLV 24-24.50 looks to be THE key resistance zone, IMO if we get above there we are likely thrusting out of the contracting tri to new highs, patience IMO will be rewarded
 
Senor

yeah a fair amount of overhead resistance in there
 

Gold/silver/miners IMO lulling everyone to sleep - severe disinterest/apathy before a potential launch higher is my guess, as always DYODD
 
Senor

 

 

 

SLV 24-24.50 looks to be THE key resistance zone, IMO if we get above there we are likely thrusting out of the contracting tri to new highs, patience IMO will be rewarded
 
Senor

yeah a fair amount of overhead resistance in there
 

Gold/silver/miners IMO lulling everyone to sleep - severe disinterest/apathy before a potential launch higher is my guess, as always DYODD
 
Senor

Time to wake up!

 

well looks like we are in the initial stages of a key challenge of that SLV 24-24.50 resistance area - "might" be a 1-2 and now a daily wave 3 higher beginning in SLV off the July 27 23.30 decline low - we see

Senor

Senor

as much as I want to believe we are close to a silver breakout the action in CDE, HL and AG is not exactly inspiring confidence.

as much as I want to believe we are close to a silver breakout the action in CDE, HL and AG is not exactly inspiring confidence.

massive rejection at resistance, gotta be very careful now, have placed several stops

Senor

 

as much as I want to believe we are close to a silver breakout the action in CDE, HL and AG is not exactly inspiring confidence.

massive rejection at resistance, gotta be very careful now, have placed several stops

 

Senor

 

/PL just broke the June 2021 low but with little fanfare or panic.  So far gold looks OK in this correction, but no guarantees there either. 

Also, I think we need to be careful assuming miners will lead (even though they often do, not always and not necessarily on all time frames).

Edited by CHAx, 04 August 2021 - 11:23 AM.

 

as much as I want to believe we are close to a silver breakout the action in CDE, HL and AG is not exactly inspiring confidence.

massive rejection at resistance, gotta be very careful now, have placed several stops
 
Senor
 

 
/PL just broke the June 2021 low but with little fanfare or panic.  So far gold looks OK in this correction, but no guarantees there either. 
 
Also, I think we need to be careful assuming miners will lead (even though they often do, not always and not necessarily on all time frames).

I bailed on everything, now 100% cash, could still be bullish but some thinks I did not like, above today's highs looks good, right now not so sure and gen mkt could get ugly, we see

Senor

could be a 1-2 i-ii