
$90 target hit ✅ then rejected hard — weekly shooting star, GSR snapped back, DXY above 98.30. Updated TA 💀👀
Hey fellow degens 🦍 — just timestamped charts and levels. Remember I try to post updates (3 days ago I posted after the $90 hit the H&S with mid 70;s target, which, hit today>>>) but in these markets, 1 day can cheange the picture/TA faster than I can update/post new TA...
📋 WHAT I CALLED — RECEIPTS:
Week 1: Called GSR break below 62, DXY reject 98.30, silver $75-76 support ✅ Week 2: Called $78.50 50DMA break → $80-82 target ✅ Week 3: Called bull flag → $85 first target → $90 area ✅ Week 4: Called $90 hit — (edited my post mid-week to warn about double top/batman scenario — I should have led with it, lesson learned 💀)
✅ WHAT HAPPENED:
- Silver hit $90.10 — target hit ✅
- Didn't clear $92-94 last TP ❌
- Weekly candle closed as an ugly shooting star — toppish signal 💀
- Daily was a horrendous -10%+ on average volume
- GSR snapped back hard — from 54 to 59.795, +7.31% 📈
- DXY bounced back above 98.30 — the exact level I said needed to hold below for metals 📈
📊 THE CURRENT PICTURE:
Bitter-sweet honestly. We rode silver from the low $70s all the way to $85-86 AND $90 — hit both targets. Just didn't clear the last TP at $92-94.
The weekly shooting star at $90 resistance is a real signal. Combined with GSR snapping back and DXY reclaiming 98.30 — the bull case needs to prove itself again.
Two scenarios now:
Bearish — if green TL breaks:
- $74.57 immediate target
- ~$75 strong support
- ~$70 main support
- $67 projected 200 DEMA level
- Double bottom with 3/27 week? $60 = 50 Weekly MA area
Bullish — if we hold and reclaim:
- Need $82-83 to hold as support
- Reclaim $85-86 to get back in the game
- $90 needs a clean break next attempt
- GSR needs to get back below 60 and hold
💵 DXY: Bounced back above 98.30 — the level I've been screaming about since April. This is the headwind. Need rejection here again and a drop below 98 to resume metals bull run.
📉 GSR: Snapped from 54 back to 59.795 in one week. Want to see 60/62-64 respected as resistance. If GSR fails there and compresses again — metals bull thesis back on.
💀 SUMMARY:
$90 hit. Shooting star weekly close. GSR snapped back. DXY reclaimed 98.30.
Not giving up on the bull thesis — but the market is telling us it needs more work before the next leg. Watching $80 & 82-83 pivots