Silver: Potential C & H Formation and Major Wave Count (Long AF)
Hi all,
This is my first post here on Trading View but I've been active in trading and TA for some time.
I have yet to see anyone post a discussion of what I have implicated in the chart. For several reasons, technical and fundamental, I am bullish on silver and related miners.
I believe we are wrapping up consolidation / corrective wave period in wake of wave 1 last summer and entering the next impulse wave 3. In addition, does anyone NOT SEE the cup and handle that I do??
Further, in 2011 Silver hit near %50 with the Fed's stimulus in response to Financial Crisis. This time around the level of stimulus is 3-4x higher than that...
Putting these pieces together I remain bullish on silver (and gold too) and believe we will see another wave up this summer and fall. Wave 5 perhaps late 2022 into 2023?
Looking at $38 for this run up and pushing $50 and higher in the following wave. (We can discuss the 40 year C & H formation at a later time...)
BTW I like Hecla Mining (HL) for exposure to silver price movements. It is higher beta than SLV and even AGQ...it moves!! Managed over 100% in it last June/July and hoping for something kinda similar here..
This is definitely not financial advice, do your own research.
Best to all
Alt - B
This is my first post here on Trading View but I've been active in trading and TA for some time.
I have yet to see anyone post a discussion of what I have implicated in the chart. For several reasons, technical and fundamental, I am bullish on silver and related miners.
I believe we are wrapping up consolidation / corrective wave period in wake of wave 1 last summer and entering the next impulse wave 3. In addition, does anyone NOT SEE the cup and handle that I do??
Further, in 2011 Silver hit near %50 with the Fed's stimulus in response to Financial Crisis. This time around the level of stimulus is 3-4x higher than that...
Putting these pieces together I remain bullish on silver (and gold too) and believe we will see another wave up this summer and fall. Wave 5 perhaps late 2022 into 2023?
Looking at $38 for this run up and pushing $50 and higher in the following wave. (We can discuss the 40 year C & H formation at a later time...)
BTW I like Hecla Mining (HL) for exposure to silver price movements. It is higher beta than SLV and even AGQ...it moves!! Managed over 100% in it last June/July and hoping for something kinda similar here..
This is definitely not financial advice, do your own research.
Best to all
Alt - B