WavesPatternsCandlesIndicators

WavesPatternsCandlesIndicators

The min target is $22.25 for the H&S top (grey lines). The red trendline is a great level to place a stop loss. This trade if it works out has great risk/reward potential. Not investing advice. All your trades are at your own risk as nothing is guaranteed with any analysis.

WavesPatternsCandlesIndicators

Sell short with stop loss at the top of the red zone with min. target at bottom of green zone shop the breakout confirmation occur. Keep on lowering stop loss orders once this trade begins to work out.

WavesPatternsCandlesIndicators

Sell short here with stop loss just beyond today’s gap fill. The rising wedge broke down and snapped back in an attempt to fill the gap. Once the H&S top breaks out and fills the gap below the neckline the min. target is $2.90. Then it’s time to start thinking about switching to long positions again with a stop loss just below.

WavesPatternsCandlesIndicators

This morning we have a breakout confirmation of a Head and Shoulders top with minimum target of $23.5 and a stop loss not far away to the upside. The risk/reward is as good as it gets on this short trade.

WavesPatternsCandlesIndicators

A breakout of the rising wedge strengthened the case for an upcoming bearish H&S top in Silver. Should the $26.7 level be breached the min target is $23.5

WavesPatternsCandlesIndicators

The red trendline indicates a H&S top… should this H&S min. target be reached it also triggers a much more bearish target with the breakout of a 2yr old rising wedge.

WavesPatternsCandlesIndicators

The rising wedges, broadening top breakouts apparently have marked a B wave rally peak which started 2 years ago. A swift ride down to test the wave A low is likely once the larger rising wedge breaks down. A crash is likely going forward, in the age of algorithms this isn’t going to be pretty.

WavesPatternsCandlesIndicators

Switching to a more bearish H&S top with a rising wedge for the right shoulder. Perhaps one more rally to the top of the wedge trading range then off to break the neckline with a selling climax. Longer term, bullish outlook!

WavesPatternsCandlesIndicators

Silver is about to get clobbered to the downside. The new head and shoulders top looks ready to get confirmation shortly with a right shoulder rising wedge formation. Min target $2.60 should the neckline breakout occur. Should this come to fruition, an excellent buying opportunity will present itself.

WavesPatternsCandlesIndicators

Two head and shoulders top formations are seen here with the second formation not yet confirmed with a breakout. Todays price action suggests the more bearish H&S formation with min $2.60 target is the correct call with a rising wedge seen during today’s rally to for a right shoulder. Should this call come to fruition, it would be a great opportunity to switch...

WavesPatternsCandlesIndicators

The breakout occurred yesterday and today the neckline could be the bounce target since the bounce is forming a rising wedge. The upper limit of a potential Elliot Wave count would be invalidated should the horizontal red line fail to cap a rally which surpasses the neckline. After the current rally is completed a swift reversal to test the $25-26 range appears...

WavesPatternsCandlesIndicators

Head and shoulders intermediate top seen, not yet confirmed.

WavesPatternsCandlesIndicators

Head and shoulders intermediate top seen, not yet confirmed.

WavesPatternsCandlesIndicators

Head and shoulders intermediate top seen, breakout confirmed.

WavesPatternsCandlesIndicators

Head and shoulders intermediate top seen, not yet confirmed.

WavesPatternsCandlesIndicators

Head and shoulders intermediate top seen, not yet confirmed.

WavesPatternsCandlesIndicators

Head and shoulders intermediate top seen, not yet confirmed.

WavesPatternsCandlesIndicators

Plenty of chart patterns warning of an intermediate top in Silver after an incredible bull run. $30 will continue to act as resistance with a head and shoulders top target of $25-26 and likely 50% to 61.8 retracement before we can look to signs of a continuation of this bull run,