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 […]
Long Term Monthly: At this time the market has found resistance at the purple channel. A break through this could see the market lift to the UBB and the next blue trend s/r (purple HPTZ). There is also a real possibility (technically) that the market could be starting another drop down, taking it back to […]
Long term Monthly view still has gold within a large downward channel (purple). Break of channel could see the market lift to the UBB and blue s/r (purple HPTZ). Watching to see if channel holds or breaks. If it holds we could see another significant drop from gold as it makes it way back to […]
WEEKLY VIEW: Lift continues – 3 wave consolidation can be seen, watching to see of we can determine if it is a 3 wave correction, or the start of a 5 wave lift. Amount of pullback from recent lift will give us a clue. W%R is lifted indicating positive pressure and more lift potential at […]
OIL has reached previous highs. Potential to drop back to previous lows and channel support. chart page
Weekly: OIL remains within the same down trend is has been in since the spring of 2014. Recent drop off appears curved and could be signaling a rounded bottom or ellipse pattern. IF ellipse pattern fails to hold then the next market levels can be seen around $25.00, $18.00, $14.00 and even potentially back to […]
MONTHLY: Long term monthly view shows a possible channel the market has been in since 2013 (purple). Technically this is a continuation pattern that says we should exit the channel expecting a move similar to what we saw enter it. Yellow highlights show this and the pattern suggests to watch for another sell off in […]
WEEKLY: Silver has reached the upper boundary of a long term channel (blue dashed). Last month we noted the potential for a lift to the $15.00 area – the market has surpassed this rising within a channel (solid blue). A break of either of these are what we are watching for the next move. […]
USDJPY has rolled over and dropped out of a lifting channel; currently at technicals that could provide support. Bouncing here could see a retest of black dashed channel resistance. Breaking down through the black dashed channel and current s/r zone could see further drop to $106.00. chart page
as published in TRIGGER$ Feb Issue – Feb 1st 2016 Weekly: Silver remains within a downward channel (green) and has held at previous lows. Potential for a bounce to retest significant technicals. W%R is lifting indicating positive pressure may be coming back – need to see lift past previous turns at low levels on indicator for […]