The Hidden Signals in AG: A Silver Lining in Technical Patterns?

23 apr

Sometimes the market whispers before it roars. If you're watching First Majestic Silver (AG), those whispers just became a chant. In this post, I break down the technical patterns, potential numerology synchronicities, and trader psychology that could signal something big brewing for AG. Whether you're a skeptic or a believer, the confluence here is too compelling to ignore.

1. Descending Triangle (Weekly Chart)

Let's start with the macro structure: a descending triangle stretching all the way from Feb 1, 2021 to April 23, 2025. This isn’t just any triangle. Its base lines up perfectly with today’s breakout candle low, forming a multi-year support zone around the $5.90 - $6.00 range.

In technical analysis, descending triangles often resolve in the direction of the trend preceding their formation. Given that AG was in a downtrend from 2021 highs, this bullish breakout now marks a significant shift in sentiment and market dynamics.

2. Hourly Chart: Inverse Head and Shoulders

Zoom in to the hourly chart and we get a classic reversal pattern: Inverse Head and Shoulders.

Left Shoulder: April 12 low

Head: April 16 low

Right Shoulder: April 19 low

Neckline: $6.38 — previously tested and rejected

Today’s breakout through this neckline is textbook. If this plays out:

Measured Move Target: ~$8.00

Why $8? It’s the level where AG failed to break out on Oct 29, 2023, making it a key resistance and psychological target.

3. Cloned Triangle Geometry (Gann Vibes)

Here’s where it gets interesting. Clone the triangle and flip it vertically:

The tip touches both the April 4, 2011 all-time high and the March 16, 2020 COVID pivot low.

This implies a natural "mirror" or cycle echo—like Gann’s time-price equivalence coming into play.

Coincidence? Maybe. But technical setups with this much harmony don’t appear every day.

4. Numerology and Time Symmetry

I know this part might sound woo-woo, but bear with me:

Feb 1, 2021 to April 23, 2025 = 1,177 days, or just over 3.22 years

AG’s breakout candle occurred on April 24

April 4, 2011 = 4/4/11 → 4 + 4 + 1 + 1 = 10

March 16, 2020 = 3 + 1 + 6 + 2 + 0 + 2 + 0 = 14

Total = 24 → Today’s date again: April 24

Even the closing price of $6.22 gives us 6+2+2 = 10, echoing the 2011 ATH numerology.

Take it with a grain of salt, but these repeating patterns may hint at cyclical alignment.

5. Volume Confirmation

The breakout came with a surge in volume, confirming the move and reducing the likelihood of a fake-out. Coupled with bullish RSI divergence, this gives the technical thesis real legs.

6. Macro Context: Silver vs Gold

While gold consolidates, silver is trying to play catch-up. This rotation into high-beta silver names makes sense and AG, being a retail favorite and highly shorted at times, is perfectly positioned for explosive upside.

7. Options Play: December 2026 Calls

For long-term traders, LEAPS (Long-Term Equity Anticipation Securities) could be the way to play this:

December 2026 Calls

Strike Range: $7, $8.50, $10

Low premium, high convexity potential

Conclusion: Is This the Signal or Just Noise?

You don’t have to be a believer in numerology or market mysticism to appreciate the convergence of:

Triangle breakout

Volume surge

Inverse head-and-shoulders

Price symmetry

Historical pivot touchpoints

All signs point toward a potential trend reversal for AG. At the very least, this setup offers a high reward-to-risk swing opportunity. At best? You might just be witnessing the start of a major silver bull move.

What’s Your Take?
Do you see the same signals or think this is just coincidental noise?

Joel | The Accidental Retiree
"Retired. Sort of. But still trading like I mean it."

3 giorni fa

Trade attivo

UPDATE: AG (First Majestic Silver) — When Technicals Speak, Listen

On April 23rd, I posted a breakdown of the long-term setup forming in AG — highlighting a massive descending triangle, inverse H&S on the hourly, and some uncanny cycle/price symmetry.

Well… here we are.

- Breakout through the triangle
- Measured move from the inverse H&S hit
- Volume surged
- Silver started moving
- And AG ran right into the $8 zone, just like we mapped out

Sometimes the market doesn’t scream — it whispers, then roars.

So What Happened?
1. Macro Triangle:

The descending triangle from Feb 2021 to April 2025 resolved up, not down — defying the bearish bias many had.

The base at $5.90–$6.00 held like a fortress.

April 24 was the breakout candle, right on cue with our time symmetry projection.

2. Inverse Head & Shoulders (Hourly):

Neckline at $6.38 broke clean.

Measured move target of ~$8 hit within days.

That October 2023 resistance? Tagged and respected. Textbook stuff.

3. Volume & Momentum:

Volume exploded through the breakout.

RSI confirmed — no divergence, just strength.

This was not a fake-out. This was a regime shift.

4. Options Positioning (Personal Update):

I was long 100 Dec 2026 $10 calls (avg $1.03).

Trimmed 35 contracts during the breakout (booked ~$4,300).

Still holding 65 calls — long, patient, and in the green.

Where Are We Now?
AG closed at $8.27 after peaking just above the $8.40 resistance zone.

We may see short-term consolidation or even a pullback — but the macro structure has flipped.

$10 is now a realistic next level. Beyond that? $12.50–$15 becomes viable if silver starts ripping.

What's Next?
Here’s what I’m watching:

Hold above $7.90–$8.00 → bullish structure remains intact

Silver over $38 → turbo fuel for AG

Volume on dips → watching for reaccumulation signs

Final Thought
This is why we trust the process. I was on a 6-week trip around the world when this broke out — and because I had a long-term plan, I didn’t have to overreact. A few hours a week monitoring the portfolio, scaling in, trimming on strength… That’s the rhythm I like.

The market rewards conviction, not constant attention.

Let me know if you're still riding AG, or if you're waiting for the next entry.

—
Joel | The Accidental Retiree
“Retired. Sort of. But still trading like I mean it.”