Posted by steve101 on 30th of May 2020 at 07:38 am
Goldnice, I do not agree. On a 240 minute chart I see a large
bearish divergence. Retail sentiment got up to 91% bulls an area
where reversals occur. The move up from the march lows is very
likely an ABC zigzag pattern where the C wave was .618times the A
wave in a terminal thrust out of triangle in an ending diagonal for
wave 1. I think looking at short funds is more appropriate. The
market will tell us shortly its wishes. My view is that over the
next couple months Silver corrects down below 14.00.
I do believe that the bullishness for Gold and Silver are
reaching high levels and the market is always smarter than all of
us. My feeling is we see a short term top this week.
Corrections are health but Gold and Silver correct pretty
hard when they do. But Price rules.
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Goldnice, I do not agree.
SLV {Weekly Close}. Silver ETF. The Silver bull market started ...
Posted by steve101 on 30th of May 2020 at 07:38 am
Goldnice, I do not agree. On a 240 minute chart I see a large bearish divergence. Retail sentiment got up to 91% bulls an area where reversals occur. The move up from the march lows is very likely an ABC zigzag pattern where the C wave was .618times the A wave in a terminal thrust out of triangle in an ending diagonal for wave 1. I think looking at short funds is more appropriate. The market will tell us shortly its wishes. My view is that over the next couple months Silver corrects down below 14.00.
I do believe that the
Posted by ssaffer on 30th of May 2020 at 12:35 pm
I do believe that the bullishness for Gold and Silver are reaching high levels and the market is always smarter than all of us. My feeling is we see a short term top this week. Corrections are health but Gold and Silver correct pretty hard when they do. But Price rules.