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SILVER: Close up on support at $14Hi Guys, double bottom supporting at $14. 2nd bottom forming in divergence with RSI oversold. 230SMA stopping the pull back and pushing down as in 2016. IMHO a cross of the 230SMA with price breaking and consolidating above $16 may trigger a run towards $20 (1000SMA) with 1st TP at $18. Otherwise, IMHO, if support at $14 is breached, Silver will probably keep going down. Here is a scenario for the run IMHO unlikely but possible...key level $15 to support otherwise next $14.5. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:SILVER
by cozzamara
Gold: what's happeningHi Guys, the first time I thought it could form a Cup & Handle it was on March 26, 2019 when I published the idea on TradingView. For easy reference please click the image below: Since then I've been trying to undestand gold behavior until it broke out the handle for the upside which confirmed the overall bias as a bullish continuation pattern. Factors that helped Gold to breakout the handle for the upside are: 1) US China stalemate beginning of May, 2) Theresa May stepping down with increase uncertainties over Brexit; 3) Raising tensions in ME; 4) FED posture; All these ingredients increased appetite for safe havens and Gold reacted in accordance with fundamentals and technicals. The main reason why I neglected Gold these days is because I could not find a target after the breakout. I knew it was running high but when it slowed down at 1360 I thought it was topping. Instead it went to 1440 following the FED on Jun 19. The day after the FED markets expected a rate cut in July. But the following week FED members inlcuding Bullard didn't sound dovish at all. This "U-Turn" made gold hit 1440 and retreat IMHO. Technically the move is completed IMHO as 1440 was the perfect Take Profit following the breakout of the handle. Infact, according to Investopedia: "A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout." For full detail about Cup&Handle please refer to the full article: 1300 - 1160 = 140 1300 + 140 = 1440 Now we have to wait for the G20. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: from week17 to week20Hi Guys, the above picture is intended to provide a structural meaning to the moves made by Gold in the last two weeks. AToW, 10 minutes into the hourly candlestick, Gold is trying to break above 1300. If it does please consider this structure void. With reference to the BIG S H S letters in red above, please focus on the LITTLE S H S in red in the chart below: Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
Gold: mid week11 updateHi Guys, Gold is pulling back from 1.310 once again but is still above 400SMA and supported by 200SMA. The double top may present an opportunity for a breakout of the 200SMA towards 1.294. However, in view of forthcoming FOMC meeting due today, intraday positioning is highly risky therefore not reccomended. On March 10, I posted a H4 chart presenting an H&S formation with a RS at approx.1.320/1.310. Price stopped at 1.310 before pulling back twice. Click & Play the following chart to watch the H&S pattern unfold: So, IMHO, if support is confirmed on those crossing SMAs Gold may still run for a RS higher than 1.310 to extend and complete the RS. If it falls below 1.300 though I will probably try to position myself to make profits towards 1.294. Good Luck & Carpe Diem!...if you can. Lol Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: just some thoughtsHi Guys, since Gold crossed into negative sentiment at the end of February, RSI has yet to be oversold. Last time it has been oversold it was in the summer of 2018 between June and August. Remember the Bull Run starded on Aug.16th, 2018? That was the last day Gold has been oversold. Having said that, please note the 3S representing areas of supports for the correction of the bull run. The 3rd S met with support of the 569SMA and pulled back when NFP were released between Powell's and Draghi's speaches in week17 and week18. The pullback helped Gold to breach the hypotenuse of the descending triangle and regain positive sentiment. Fundamentals supporting gold IMHO at the moment may be: 1) US China Trading negotiations not progressing; 2) US rising tensions with Iran; 3) People are not buying the dip in the stock markets that is on the hedge of a cliff watching an abyss below 2800; 4) DXY fell briefly below 97; Please also note that the pullback was stopped at 1300 which is psycological and may hide strong resistance. For further information on previous structures please refer to related ideas links below: Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
4
GOLD: Last two weeksHi Guys, the above is a close up of price movements inside the circled area: Now please forget about the chart with the circle and concentrate on the 30 minutes chart. To note: a) three levels: 1266, 1277 and 1288; b) price supported by 450SMA above 1277; c) RSI just above 50; IMHO, US China Trade negotiations and clues on inflation may trigger a big move. An opportunity for the downside may occur if support is lost at 1277 (ZigZag). An opportunity for the upside may be above 1288 (J-Hook). If Investors will buy again the dip in the stockmarket Gold may go down at 1266. If they don't buy SPX, Gold may run for higher highs at 1300. Hope the above clarifies but please do not hesitate to contact me for any queries, comments or feedbacks. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: Week17Hi Guys, first of all, thank you all for appreciating my works. I do my best to try to make sense of what makes no sense. At least for me. Like the move that Gold made today after strong NFP release. To be honest...I was not expecting that pullback. Especially I was not expecting to end week17 above the same support that was breached on Wednesday when FOMC ballet commenced. I was expecting strong NFP read therefore a move lower pushed by the 72SMA. NFP was 263K vs 181K but Gold pulled back majestically leaving me stunned. Well, while I try to give myself a reason I wanted to thank all those who supported my work and in particular @EdVanDerWalt (Bloomberg reporter, editor and markets Jedi) who even said that this chart was his chart of the week. twitter.com I like to believe he said it sincerely. Lol. I wouldn't have posted this chart if it wasn't for his words of support. You all make me feel good with your support. Thank you Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: inside the handleHi Guys, this is the handle I am referring to. AToW 100SMA keeping the pullback under control. This may offer a better idea of the activity inside the handle. Click & Play to watch it unfold. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
Gold: just a narrativeHi Guys, hope it is readable. 1. Financial crisis of 2007-2008 (en.wikipedia.org) 2.People emotions take shelter into safe haven 3.Capital take shelter into safe haven Fear and uncertainty drive the market. 4.In 2010 CBs & Govs. worldwide implement measures aimed to reassure and stabilize financial systems. 5.in 2012 the run is stopped. 6.Fear and skepticism slowly fade away. 7. Gold slowly returns to pre financial crisis levels. 8. Confidence seems to have been restored. 9.Everything back to normal. Is it so? For additional informations please refer to the related ideas linked below. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: some info (D)Hi Guys, Here a link to Investopedia definition of Cup & Handle: www.investopedia.com There are many more on the web. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
5
GOLD: 4th wave round bottom coilingHi Guys, same narrative as previous posts. 2007 Financial Crisis increased demand for safe haven. Central Banks, by introducing policies to stabilize the financial system, eased the fear away and drove gold prices back to pre-financial crisis levels. From this perspective it could be a 4th wave rounding bottom on top of 1st wave. If so, price coiling and 5th still to come. However not sure from where to start counting the letters forming the triangle ending the triple corrective combination. Lol Linked below other structures that may support a bottoming 4th or help develop different ideas. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: Totally InsaneHi Guys, as the two red cups are, IMHO, supportive patterns,I'd like to know who is supporting gold. a) itself? b) gold industry? c) China, Russia, India? d) dollar system haters? e) fear of another Financial Crisis? Why should gold resume the negative impulse provided by the Financial Crisis 10 years ago? Soon the correction will be over and gold will exit its most recent bounderies made of abcde. Up or Down I don't know. It could continue to be squeezed across the SMA making pre-positioning very risky. I would be inclined to wait until the move unfolds before entering the market due to high probabilities of multiple shakeouts. Please also have a look at this: Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: Thermometer of World Economic SentimentHi Guys, the above structure is based on the assumption that gold, among other factors, is driven by negative economic outlooks and is considered a safe haven asset. For me the simpliest way to put it in order to undestsand price action in the last 10 years is the following: Financial Crisis have driven gold price up and the System have responded by implementing policies aimed to stabilize. IMHO, since the Financial Crisis, gold represets the thermometer for level of stabilization of the World Economic Sentiment. Gold was at 1000 before the Financial Crisis right? It has doubled it's value due to fear, topped, pulled back, tested 1046 and it's ranging since, probably waiting for the next Financial Crisis to happen. But until that moment, I am not expecting major decisives moves. Here a link to the Cup & Handle formation which has been unfolding since 2018. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: desc.triangle or sideway combo of corrective patterns?Hi Guys, the above structure may be interpreted as a descending triangle according to thepatternsite.com but is my interpretation correct? I was thinking about the Bull Run started by gold in mid-Aug'18 and its end (circled in the above chart)... ...I was thinking about the Handle formation following the Cup and unfolding price action inside this trading range...https://www.tradingview.website/chart/GOLD/A4jnXSzt-GOLD-Cup-Handle/ If this was an EW descending triangle, A-B-C-D-E waves should subdivide into threes forming a 3-3-3-3-3 configuration. Is this the case? Furthermore, why should Gold unfold a descending triangle to correct a Bull Run? What would be the outcome of a descending triangle in a Bull market? IMHO gold is correcting the mid-Aug'18 Bull Run with a Triple sidewyas combination. The initial idea for drawing this chart was to understand the time. How deep inside are we in the formation? From TOP to end of the triangle are 10 weeks. Since the TOP 7 have passed. 70% of the pattern. Lot's of fish will be caught in the net if not carefull. Lol Please also watch out for inverted correlations with USD/JPY. It is possible that the pair is unfolding a similar pattern but opposite. An ascending triangle or a complex corrective pattern. I forgot to mention that AToW I don't think that E is the end of the E leg even if we are already 70% into the formation. However, a clear breach of USD/JPY above 112 would push gold towards 1285 and maybe further. Valid the opposite too. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: Week13 updateHi Guys, this is what I see on the 4H chart. Here below a very similar structure I made two weeks ago. Please click & play to watch how Gold moved since then. To note the support formed in week9 following the dive. IMHO there are a lot of similarities between the support formed in week9 and the support is building in week13. Gold unfolding this move below the 442SMA though. ST structure in week13 looks good for a pull back but Gold is still inside the violet descending channel (the handle or flag) and it is not bouncing. That is what is puzzling me most. The fact that nor Gold nor Silver are pulling back which make me think that a failure and a breach of the support may extend the correction of the Bull Run started mid-Aug'18. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: week13Hi Guys, at the end of week12 price exited the distribution channel started in week9 and dived from 200SMA to built what IMHO is a short term support just a little bit above 1285 with 50SMA pushing down and stopping the pullback right at 1300. The pull back may extend into the 200SMA following divergence with RSI on Friday but only if 50SMA is crossed and re-tested for the upside during week13. AToW it is not the right time to enter such a move yet though. Plus, I don't see it happening. However need to be prepared. If 1280 do not hold next stop may be 1265. Let's wait and be patient. I don't feel confortable entering any trade on Monday. I am sorry. Gold maybe still be looking to push for the bottom of the handle as referred to in the related ideas linked below. Lol Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
SILVER: Flag formation above 14$Hi Guys, in 2016 Silver made a bottom at 14$. At the end of 2018 it made another bottom at 14$. In 2016 price pulled back right into the 1000SMA. In 2018 Silver pulled back too but price have not touched yet the 1000SMA. In view of the above IMHO there is no need to enter the market at this stage. First need to build support above the pink 0.618 Fibo. When and if support is confirmed I expect some long green candlesticks to unfold above 15.5$ towards 1000SMA. But for the time being need to wait and think why silver should go up to $16 instead of keep falling towards $14. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:SILVER
by cozzamara
Gold: Week11 FridayHi Guys, since my last post on Tuesday, Gold made a run to hit 1.320 following FOMC meeting on Wednesday. The precious metal received a boost after the US Federal Reserve signalled no further rate hikes this year and balance sheet reduction. Following FOMC meeting though, Gold retraced 0.618 Fib of the move made the previous day and AToW is struggling to keep momentum on going above 1.310. If you remember the idea I posted on March 13, Gold is right in between 1.320 and 1.310, exactly where the right shoulder was supposed to be but a week later. In addition to the above please note that the bull run commenced on Aug 16 may have terminated at 1.350. Please have a look at the post "GOLD:H=Top of the Bull Run" in the related ideas linked below. According to the daily chart presented, please watch out for Gold when crosses the 44SMA for the downside and, at the same time, 1.300 level (round number and psycological support) if you are bearish. On the contrary, if you are bullish, watch for momentum building if price crosses 1.315 and, at the same time, RSI gets overbought. On the hourly chart to note the common bottom formed in week9 and the ascending channel in week10 and week11 supported by 200SMA. Potential LS at 1.320 of a H&S pattern that may have been completed. If 200SMA do not support and is breached Gold bias may turn into bearish. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
USD/JPY: week12Hi Guys, Here is the link to a tweet I am posting...https://twitter.com/CozzamaraDaZena/status/1111187101981265922 #usdjpy 1H 25/3 showing triple bottom on price at 110 and double bottom in RSI oversold. It looks like the pair is on the edge of a cliff but if structure supports, and #gold keep going south, IMHO #usdjpy may well resume its run to end the week attacking 111. AToW 110.180... ...to unfold such a move #usdjpy must climb back above 50SMA and IMHO n.2 level maybe re-tested a couple of time before cleared for wave 3OTOH, structure is invalidated if support at 110 fail and spot #gold return above 1310 Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by cozzamara
GOLD: Cup & Handle?Hi Guys, I was doing a work on the 1H chart but I wanted to post this first. I hope the idea is clear...not sure about how that handle may unfold though. On the 1H chart a potential bear rally may be at its end but bias on that timeframe is still favouring bulls. If I am correct, a break below 1300 may prompt a further extension of the correction of the bull run started mid Aug'18 (please refer to the related idea linked below). Let's see the hourly chart... This is just a snapshot: Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: Week13 endingHi Guys, tops are descending into 1285. sentiment diverge but bears keep pushing. Gold has been going up & down on support at 1285. On Thursday Gold seemed to pull back (V-shape formation) but nothing happened. I am seeing a lot of cups which may be the first signal that I am losing my mind. C'mon, get a grip Marshall, let it go, Gold is not pulling back! Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
SILVER: IRO 2008 Financial CrisisHi Guys, here it's where Silver is in respect of its position prior to the 2008 Financial Crisis. Please watch the RSI and note the shift in sentiment that has been persistent since 2014. Silver has been in Low Sentiment for the last 5 years. Sentiment was runnung high before the 2008 Financial Crisis but fear drove money out of other markets into safe havens and Silver followed simply the same path that drove Gold at 1.900. However, since then, the more the dark clouds of the Financial Crisis were dissipating, the more the price of Silver was returning to the same level of the 2008 Financial Crisis (4avg$10). In 2016 Silver was supported at $14. At the end of 2018 price was supported again at $14 and therefore might have formed a double bottom. A bounce and a pull back from $14 was happening in the last three months of 2018 and the first 3 months of 2019. From 14$ to $16 in 5 months (Oct-Feb) and then to 15$ in 1 month (March). Sentiment may not be right AToW on the montly chart but the bounce is still supported at $15 and the weekly chart shows signs of shift in sentiment from low to high. Here a preview: Have a look at the related ideas linked below too for TA of Silver in different timeframes. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:SILVER
by cozzamara