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Cycle Trading

Looking for The Silver Lining Update

The last time we looked at silver it was in a weekly triangle consolidation. Since then it broke bearishly into it’s intermediate cycle decline.

Silver is in the process of forming a bullish weekly engulfing candle. This will ease the parameters for forming a weekly swing low. Once silver forms a swing low and breaks above the declining weekly trend line it will begin a new intermediate cycle. Gold already broke out to new highs during this last intermediate cycle. It’s time for silver to follow suit.

2 responses to “Looking for The Silver Lining Update”

  1. FO Avatar
    FO

    What does ease the parameters for a weekly swing low mean? Do you expect the low of the correction is already in? Thank you

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      Gold and the precious metals are very deep in their timing band for an intermediate cycle low.
      A weekly swing low is required to form an intermediate low.
      This week’s action in Silver will make it easy to form a weekly swing low next week.

      LM

      Reply

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