Obviously ... A parabolic pipedream /s

18 ott

Sooo... I just posted this to track it really. I would not advise trading on this idea.

It appears we built a new floor around $50 it touched twice on that level. Future touches may confirm.

I suspect two possibilities:

- sideways establishing the new $50 floor, then resume uptrend

or

- parabolic rise to $75 and higher by end of year

Personally I am betting on $75 by end of year, and I suspect we break into triple digits early next year. This looks like it is set up to go parabolic.

I am not a trader, when I do trade I lose. I am not a financial advisor either for the same reasons. Just a man watching Silver tie up its shoelaces for a run.

6 giorni fa

Nota

It appears the recent drop is still within the parabolic trend, and the parabola could be adjusted depending on the future price action and still be valid. That said, as you can see, the recent down is still in line with the trend.

I have a new chart where I have adjusted the parabola a bit, moving the middle point up to the recent low. This caused me to have to relax the trajectory a bit. I am deciding whether to update this idea or wait for more action.

Personally I am just using this to see, did we go parabolic? Are we going parabolic? I mean it kinda looks that way.

We did fall below the support at $50 and if we open tomorrow under $50 it is possible we hover just underneath and test it as resistance from the under side before returning above the $50 level, confirming again as support, and then possibly onwards from there. I am not expecting to go much lower, but if we do I am buying more physical.

6 giorni fa

Nota

Updated idea posted below: