Here is a short explanation of the "continued upward trajectory for a while longer" concept mentioned in the previous idea. This term suggests that the current trend of price movement could also maintain upward direction for a certain duration before reversing. Such occurrences in silver price movements are relatively infrequent and have only happened three times...
It is evident that the indicators have indeed continued to travel in the overbought area as anticipated. Now, it is crucial to exercise caution since both the slow and fast trend indicators are coming down from the overbought regions. This situation presents two possibilities yet again.
Firstly, there is a chance of the trend continuing upward for a while...
The Slow Trend and Fast Trend oscillators appear to be in alignment, both entering the overbought zone. At this juncture, two possibilities emerge. Firstly, there could be an immediate reversal. Alternatively, there might be an extended period where both, particularly the Slow Trend oscillator, linger in the overbought region before eventually reversing. Examining...
The current technical analysis of the SP500 reveals an uncertain landscape, primarily due to a significant gap that needs attention. Two plausible scenarios are in play:
Immediate Downside to Close the Gap : This could translate into a short-term downward move.
Potential Upside Followed by Downside Correction : Alternatively, there might be a brief...
If the market surpasses the 4455 threshold, it is possible that bullish sentiment will dominate. A conclusive daily closure beyond this level could potentially indicate an upward trajectory.
Conversely, should the market descend below 4365, it may be prudent to uphold short positions for an extended duration.
It is important to note that a more deterministic...
