Home > Long Term Ideas > Silver XAG. #27 Potential ahead

Silver XAG. #27 Potential ahead

January 5th, 2010, 10:49 am2010-01-04T21:49:51ZF jS, Y, g:i a Arco Leave a comment Go to comments

A member asked last night about trading Silver down to the potential bullish reversal area shown in the last post, and at that point I mentioned to be cautious as there may be a slight rise first before any move down.

Note for all the members interested in Ichimoku we can look at the Kijun Sen and the Senkou A to form as possible resistance/reversal. (Also notice ahead Kumo has turned bearish). These are all points covered in more details in the video.

010510 silver

Categories: Long Term Ideas Tags: ,
  1. Alan
    January 6th, 20102010-01-05T23:08:01ZF jS, Y at 12:082010-01-05T23:08:01ZH:i | #1
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    Happy new Year Arco,

    So we have just recently touched the daily KS. Are we looking still for a the weekly ts 18.09 area or now for the CS to cross the price (on 1 hr) and candle reversal patterns?

    • Arco
      January 6th, 20102010-01-05T23:47:29ZF jS, Y at 12:472010-01-05T23:47:29ZH:i | #2
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      Hi Alan. I have daily Chikou potential resistance 18.28 and KS at 18.09 (High overnight 17.84 on my chart). A reversal pattern and fall from around that point could make a RH shoulder giving the required drop to the potential reversal area.

  2. Eduardo F
    January 15th, 20102010-01-15T10:05:23ZF jS, Y at 23:052010-01-15T10:05:23ZH:i | #3
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    Both Precious Metals look now better.
    XAU a bit more for me.
    Arco are you already in the Weekend?
    thank you for an update.
    Edi

    Enjoy your Weekend!!!

    • Arco
      January 15th, 20102010-01-15T10:11:37ZF jS, Y at 23:112010-01-15T10:11:37ZH:i | #4
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      Hi Edi. Yes, is 11.15 pm here. Thanks

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