Hey Guys,
I am engaging my long entry for Silver as I have been watching this triangle forming up as Wave 2 (corrective Wave) for many months now. In my Opinion this will be one of the best possible entries to catch up the next bull run that is coming on Silver. Fundamentally we have been seen a lot of pressure with the last weeks FED-Meetings and their statements according to possible Rate-Hiking that shook up the whole Commodity Market (especially Silver bled a lot). Either way, this is a clear sign for me that with the latest Sell-offs on Gold and Silver we will be seeing a lot of pressure coming towards the major Markets such as Dow Jones and Nasdaq-100 as commodities always react before the stock markets do.
Banks are stacking their longs on both Silver and Gold and wanted to have de facto cheaper entry prices to get the most out of the Bull run that is coming both in Gold and Silver. I'm super bullish since fundamentally will have a time ahead that is perfectly made for all sort of pressures Metals - only that I think from a technical perspective that Silver is going to Outperform all other Pairs since have been in this consolidation for exactly a Year now.
Let me know what you think!
I'm hyped for the Result.
Greetings,
Raffa
I am engaging my long entry for Silver as I have been watching this triangle forming up as Wave 2 (corrective Wave) for many months now. In my Opinion this will be one of the best possible entries to catch up the next bull run that is coming on Silver. Fundamentally we have been seen a lot of pressure with the last weeks FED-Meetings and their statements according to possible Rate-Hiking that shook up the whole Commodity Market (especially Silver bled a lot). Either way, this is a clear sign for me that with the latest Sell-offs on Gold and Silver we will be seeing a lot of pressure coming towards the major Markets such as Dow Jones and Nasdaq-100 as commodities always react before the stock markets do.
Banks are stacking their longs on both Silver and Gold and wanted to have de facto cheaper entry prices to get the most out of the Bull run that is coming both in Gold and Silver. I'm super bullish since fundamentally will have a time ahead that is perfectly made for all sort of pressures Metals - only that I think from a technical perspective that Silver is going to Outperform all other Pairs since have been in this consolidation for exactly a Year now.
Let me know what you think!
I'm hyped for the Result.
Greetings,
Raffa