Prata/Dólar AmericanoViés de alta
SILVER $400 - UNIQUE OPPORTUNITY
Atualizado
📣 Hello everyone!
Here is the global chart of XAG/USD and directly my long-term trading idea, time frame 1 month. Here is the story from 1802, but in fact this is not even a complete timeline.
I believe we are “close” to completing the Elliott Global Five on the silver chart. The first primary impulse wave, in my opinion, ended in 1864, the second corrective primary wave ended in 1932. From 1932 to 1980, the most powerful third Elliott wave of the primary level was formed - in 48 years, silver increased in price by 170 times. Then from 1980 to 1991 there was a bear market in the correctional wave-4 of the primary level. Further, from 1991 to the present day, the global impulse wave 5 of the primary level of the cycle has been developing.
Within the framework of my Elliott idea, we should expect that wave-5 of the primary level will be fully formed within 45-74 years, that is, from 2036 to 2065. Taking into account the dollar charts, US inflation, government bond yields and other important macroeconomic data, I am more inclined to believe that the cycle will end in 2036. Therefore, my goal is $400 per ounce of silver by 2036. This is an increase of approximately 18 times from the current price. This is great news for long-term investors.
As for this relatively short-term outlook for Silver, in the first half of 2024 there is still a chance, within the bullish flag, to descend to the zone of 14-16 dollars per ounce. Either way, I believe that in the longer term, silver is already incredibly close to breaking through its twelve-year downtrend resistance. As soon as the bullish flag and, accordingly, trend resistance are broken upward, then after a long period of consolidation, vigorous growth will begin and silver will quickly return to the highs of 2011. Be prepared for this.
❌ It is also necessary to understand that according to my current wave marking, under no circumstances should the price fall below $7.28, this is the completion level of wave 1 of the secondary level. If this happens, then it will be necessary to look for an error and make serious changes to the Elliott price movement marks in this trading idea.
⚠️ As always, I wish you good luck in making independent trading decisions and profit ✊
Goodbye!
Here is the global chart of XAG/USD and directly my long-term trading idea, time frame 1 month. Here is the story from 1802, but in fact this is not even a complete timeline.
I believe we are “close” to completing the Elliott Global Five on the silver chart. The first primary impulse wave, in my opinion, ended in 1864, the second corrective primary wave ended in 1932. From 1932 to 1980, the most powerful third Elliott wave of the primary level was formed - in 48 years, silver increased in price by 170 times. Then from 1980 to 1991 there was a bear market in the correctional wave-4 of the primary level. Further, from 1991 to the present day, the global impulse wave 5 of the primary level of the cycle has been developing.
Within the framework of my Elliott idea, we should expect that wave-5 of the primary level will be fully formed within 45-74 years, that is, from 2036 to 2065. Taking into account the dollar charts, US inflation, government bond yields and other important macroeconomic data, I am more inclined to believe that the cycle will end in 2036. Therefore, my goal is $400 per ounce of silver by 2036. This is an increase of approximately 18 times from the current price. This is great news for long-term investors.
As for this relatively short-term outlook for Silver, in the first half of 2024 there is still a chance, within the bullish flag, to descend to the zone of 14-16 dollars per ounce. Either way, I believe that in the longer term, silver is already incredibly close to breaking through its twelve-year downtrend resistance. As soon as the bullish flag and, accordingly, trend resistance are broken upward, then after a long period of consolidation, vigorous growth will begin and silver will quickly return to the highs of 2011. Be prepared for this.
❌ It is also necessary to understand that according to my current wave marking, under no circumstances should the price fall below $7.28, this is the completion level of wave 1 of the secondary level. If this happens, then it will be necessary to look for an error and make serious changes to the Elliott price movement marks in this trading idea.
⚠️ As always, I wish you good luck in making independent trading decisions and profit ✊
Goodbye!
Nota
📣 Hello everyone!Growth has begun on silver, but let’s take a closer look at the area of the chart in the white rectangle and try to understand whether this is growth as part of the long-term correction 2 of (3) or whether the impulse wave 3 of (3) has already started, which will soon push the price of silver higher 100$!?
Nota
Despite the breakout of twelve-year resistance in the form of a downward trend, unfortunately, I am inclined to believe that the real growth was part of a long-term incorrect failed flat correction.Therefore, if my hypothesis is correct, then growth may be limited to the $35-$38 zone, which I will be watching. After which a correction should begin in wave-C of the plane, which will be <100% of wave-B, but can last until 2026!
________________________
Total: While the target is $35-38, it is not possible to predict the further medium-term behavior of the price chart from the point of view of VTE. The global impulse marking for waves (2) (3) remains unchanged!
⚠️ As always, I wish you good luck in making independent trading decisions and profit ✊
Goodbye!
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