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Posted On: 05/27/2021 6:58:47 PM
Post# of 106777
Silver's next "US Dollar Defined" squeeze
Due Diligence
First, let's set the stage.
I always seek refuge on the higher time frame, BIG PICTURE charts. When the tide starts turning on the yearly chart, then you want to be with it, NOT against it.
Chart: https://preview.redd.it/a2dxjhz6jo171.png?wid...71339c3e71
I got arcs showing upwards traction. Next bounce on right hemisphere will confirm TWO arcs. That is HUGE support to catapult price momentum upwards.
Now enter the masterpiece!
Look what happens when:
1. silver believes US Dollar will crumble some more
2. when US Dollar actually does it's final 15% drop
Chart: https://preview.redd.it/el96h145jo171.png?wid...7e6dd13cea
If silver believes the first leg down in dxy will lead to more weakness, silver moves up strong.
See 2020 March to August 2020.
That is the warm up act.
Then when dxy actually plummets some more, silver goes parabolic.
I identified an analog move as defined by price action & stoch construct (late 60's to early 1980).
Should set up for fireworks over the course of the year.
Read lots more here:https://www.reddit.com/r/Wallstreetsilver/comments/nm9ict/silvers_next_us_dollar_defined_squeeze/
Due Diligence
First, let's set the stage.
I always seek refuge on the higher time frame, BIG PICTURE charts. When the tide starts turning on the yearly chart, then you want to be with it, NOT against it.
Chart: https://preview.redd.it/a2dxjhz6jo171.png?wid...71339c3e71
I got arcs showing upwards traction. Next bounce on right hemisphere will confirm TWO arcs. That is HUGE support to catapult price momentum upwards.
Now enter the masterpiece!
Look what happens when:
1. silver believes US Dollar will crumble some more
2. when US Dollar actually does it's final 15% drop
Chart: https://preview.redd.it/el96h145jo171.png?wid...7e6dd13cea
If silver believes the first leg down in dxy will lead to more weakness, silver moves up strong.
See 2020 March to August 2020.
That is the warm up act.
Then when dxy actually plummets some more, silver goes parabolic.
I identified an analog move as defined by price action & stoch construct (late 60's to early 1980).
Should set up for fireworks over the course of the year.
Read lots more here:https://www.reddit.com/r/Wallstreetsilver/comments/nm9ict/silvers_next_us_dollar_defined_squeeze/
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