@DVSignals Genuine question, why would you draw a channel with only one touch point on the bottom? Especially when it’s a classic inverse head and shoulders structure
@DVSignals@ColbyJacke Possibly, but if you zoom out and look at the larger 1hr structure it’s also just a perfectly normal backrest of the neckline in the inverse H&S. This would need invalidating first
@DVSignals You may be right, but currently it looks like a breakout of a descending wedge, back test if that wedge, breakout above MA10d (green line) and the a backrest of MA10d…. I’m not saying silver is going up or down in the long run, but this looks like the DCL is in…
@DVSignals From a structure perspective, if you zoom out a bit, silver looks like a clean breakout and backrest of the DC trend line, with the low right in the timing band for a DCL. I don’t think you need to overthink this one
@DVSignals If you go back to 1998, the structure looks very different….there was a false breakdown in 2011, but the recent breakdown has already backtested. I’m not predicting which direction it will go now, just pointing out the longer term structure.
@fernandowavesfx Are you a parody account? You always seem to be on the wrong side of a trade, so I’m guessing it’s all just a joke and I’ve just caught on!!! You really are worse than Jim Cramer!!! That takes some effort! Nice one 😊
@badcharts1@TheJaysSon1 You have to do an awful lot of zooming out on your charts these days, you’ll be looking at breakouts on decade timeframes next. Such a joke 😂😂
@graddhybpc You’ve been wrong for 3 years now and your subscribers have lost a fortune. They have been “in” PMs this whole IC decline, you missed BTC and your private placement went to shit. What a f-ing joke 🙄