Market Road Maps, TNX Road Map
TNX has recently broken from a long term weekly pattern (blue s/r, wedge pattern resistance) and we are currently watching the degree of pull back. There is potential for a drop back to the larger weekly pattern to retest the s/r that has been broken out of. An initial break of 2.3 offers potential opportunity […]
Market Road Maps, TNX Road Map
WEEKLY View: A long term descending wedge pattern can be seen coming from the left of the chart; this has recently been violently broken through: the lift can be seen to reach significant pattern resistance. The last few weeks have seen the market fall off slightly from the recently made high, dropping back in to […]
WEEKLY Taking a look at the long term weekly chart: potential channel can be seen to have formed from the last turn in the market. This gives us a potential lift back to the top of the channel. However there are few other technicals along the way that need to be moved through first- namely […]
WEEKLY Potential ellipse pattern doesn’t hold and the market has continued to move sideways. AT this time the pattern appears to be a continuation with a likely break UP. The lift that can be seen from the very low to start of the current sideways consolidation (May?) could be repeated. IF this occurs then we […]
Weekly Recent sell off is coming up to significant technicals – watching for reactions. IF supports fail the larger pattern(s) suggest we could see silver drop back as low as $13.60 before support is found again. Support and a lift out of the downward sloping expanding wedge is needed to consider a trend reversal. […]
Long Term Monthly View We have been watching this chart now for a while; and it appears to be following the technicals and HPTZ’s well. The market is once again back at significant support. Watching to see how the bounce develops. Potential for more down exists, room left on the W%R to drop. The red […]
Long Term Weekly: Pulling back and looking at Silver from a long term perspective we can see the market has dropped back to a significant trend line – the base for the large expanding wedge that has formed since 2004. Significant blue s/r zones have been highlighted (yellow) and these form a channel that has […]