Midnight to 6am - Overnight Spot Watchers Spot...

Discussion in 'Silver' started by Turk, Mar 31, 2011.

  1. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Pms still on their slow journey upwards and staying in trend (for now).
    Go Potatoe Joe! Debt doesn't matter!
     
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  2. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Bouncing up off the neckline and keeping the pattern in play so far. Looks to be going up to the next support level but it's a slow pattern to play out.
    That will give the stackers plenty of time for excitement and celebration on the way up!
     
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  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Inverse Head and Shoulders: What the Pattern Means in Trading

    By

    James Chen, CMT is an expert trader, investment adviser, and global market strategist.


    Updated June 08, 2022
    Reviewed by CHARLES POTTERS
    Fact checked by
    RYAN EICHLER
    [​IMG]
    Investopedia / Joules Garcia

    What Is the Inverse Head and Shoulders?
    An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.


    This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
    [​IMG]
    KEY TAKEAWAYS
    • An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted.
    • It may be used to predict reversals in downtrends
    • An inverse head and shoulders pattern, upon completion, signals a bull market
    • Investors typically enter into a long position when the price rises above the resistance of the neckline.
     
    Golden Stash and mmm....shiney! like this.
  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Cmon man let it be real this time!
     
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  6. heartastack

    heartastack Well-Known Member Silver Stacker

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    ^ yeah gold should really be viewed on the weekly for any meaningful patterns
     
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  7. heartastack

    heartastack Well-Known Member Silver Stacker

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    Ag leads the charge tonight, nice change
     
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  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Weekly or monthly is usually good
     
  9. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    MACD and RSI both indicate a move back to USD2,000+
    upload_2023-7-13_21-48-24.png
     
  10. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    gold AUD got clamped by rising AUD…as always.
     
  11. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    looks like a big dump next week… profit takers!
     
  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    We will have some down days here and there but the trend is up now. Go Brandon. Accelerate.
     
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  13. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Be careful what you wish for in life....

    1cf3b1a4a334276b88f4a1a0e6d7bb9ebfd1eb7778acf8e2d09c0f29c24cad43.jpg
     
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  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    $30 will be the new $25.
     
  15. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    I wouldn't say it's excitement
    I don't want to pay more for metals but it's coming nevertheless.
     
  16. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    I will admit watching the charts is pretty exciting haha. I don't know how to be bearish with what's happening.
    Since breaking the channel awhile back and a retest it's gaining strength in new levels and its cool to see it happening real time.

    There are too many bullish signals from multiple year chart patterns to short term and through all macro and fundamentals to be dismissive of this imo.

    I really think the run is on for PMs now and although costing more fiat will suck, I will embrace the suck.
     
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  17. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    RSI is overbought but that can be corrected with a little cool off. It can remain overbought for a long time anyway.

    Recession is always on the way down the road sometime in the future they say. Or we are in it now?
    The real economy has been in a recession for many years id say.
     
  18. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Looks like the traders having fun right now...

    upload_2023-7-18_22-56-19.png
     
  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    As the head and shoulders in the DXY plays out it will only benefit gold.
    DXY heading down to 86? Not looking good for the fiat trash.

    It's not like gold needs the dollar to drop, it still goes up. Even the fakery and managed numbers aren't working anymore.
     
    Last edited: Jul 18, 2023
  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    So what do you guys think?
    Something fishy going on?

    If it drops down to retest the top of that channel and bounces it might be a good time to make an order?
     

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