u/7o7A1

it will take years, but this ratio can climb to .5, maybe even higher

Lets go

nobody owns enough popcorn

after a break above the white resistance line, DXY could tag the purple line (tiny bull flag measured move), then the green trend line (medium size white bull flag measured move) and finally the upper rung of the large white bull flag at 104.85 (as measured by the green double bottom). this would mean the return of "the dxy wrecking ball", raising the possibility of a global recession. a breakout to the upside from the large white bull flag (see 2nd chart) would mean wild times for the world economy.

..big moves take time

This would be an opportune moment for the miners to start outperforming their underlying commodities. Interesting to note, both inflationary waves started in a Trump presidency.

US10Y monthly chart with a bull flag that broke out in march and its flag pole indicates nearly 8% rates in a yer or two. Is this realistic and what are the implications?

I am not bearish silver until a monthly close with a breakout from this channel to the downside happens. That's we are back in the $30's.

interesting times ahead, eventually we could see it reaching 15%

the price respected the blue arc and the volume shelf. it made a double bottom and broke the green trendline to the upside. Gold is doing even better atm.

this precise backtesting of the white pivot line marks the start of a new phase. this entire correction was about overcoming this major resistance (see the quarterly chart). there will be others down the road, but for now we can expect a leg up

the thin white line, the 200-day in blue and the green channel confluence provides the support. the red lines above are key resistance areas. lets go.

the move in silver was started with a move from the green double bottom bottoming pattern and the breakout from the weekly magenta bull flag last week. that was followed by the forming of the red triangle, a consolidation under the blue horizontal resistance (which is always a bullish sign).

the breakout from the red triangle reached the measured move set by the green double bottom, broke the blue horizontal resistance and more importantly made a higher high.

that means that now we have an uptrend.

the price action went further up until it hit the ytd avwap, where it stopped and made a c&h continuation pattern (see the 5m timeframe).

daily tf chart gives an overview. the next resistance area is around $93.345. idk if the purple parallel channel will contain the price for too long, it is there as a reference. i do think however that the blue cup will guide it into july.

edit: the magenta bull flag's flag pole measured move points to a new ath of ~$130-$150

A couple of failed breakouts from the magenta channel created a double top in the momentum (as defined by the 36-month pdma). The momentum (and the volume) is deteriorating ever since. The price action formed a bearish rising wedge. Buy the dip.

the green pivot line (see my older posts) played it's role, acting as resistance at first and finally as support, the price action pivoted around it and the dotted blue avwap volume shelf since my initial post and built a red bull flag by doing so. that bull flag now looks ready to break out. a breakout from the small purple bull flag could be the start of that move. measured move at ~$145.

such a breakout would mean a large scale breakout from the yellow rectangle, which is a bull flag itself. note, the white flagpole on the quarterly chart can be drawn less conservatively.

this post is a followup to my older posts here: https://www.reddit.com/r/technicalanalysis/comments/1snuueh/oil_about_to_hit_potential_support_at_885_the/

initial post: https://www.reddit.com/r/technicalanalysis/comments/1rmc6jt/oil_about_to_hit_potential_resistance_at_885_the/

Silver is breaking out on both the weekly and daily time frames (see charts). Double bottom target (~$84), above the horizontal (blue) resistance, is shown on the 45m chart.

how do you feel about 15? :-)

This is just cgi, but i think it's a sweet combo and would fit right in Golden's factory queue. Recently i got a digicam/DLC Millie and i am digging it so much, can't even remember when was the last time i was this happy with a piece of kit.