Silver continues revealing weakness in Charlie Whooph’s assessment of early warning market tells. A market telegraphs her intensions, or football passes as it were.
Despite her uptrend, fueled by global central banks’ purchase of precious metals Gold and Silver to hedge against weakened US Dollar, Silver is now again completing Wave 5 and doing do on weakness!
Whooph explains, Elliott’s Wave 5 in market order and structure is the END of a trend — in this case a short-term trend and breakout above the AGQ prior high on August 11, 2020!
The chart below features the Silver inverse ETF ticker ZSL, which Whooph uses to SHORT silver. An inverse ETF like ZSL allows a trader to profit when an equity or commodity swings or trends down.
Whooph expects Silver to respond to her own technical weakness or Price-Indicator Disagreement with a swing down to a short-term low.
Whooph will again be looking to short Silver today or Monday on these EARLY market tells. Whooph has studied, derived, and swing-traded predictive tells since he began in 1999.
George Lane’s Stochastic
Analysts insisted and reiterated that market price used in calculating your Stochastic oscillator are derived from historical data!
George Lane explained for the agitated analysts the assertion why his Stochastic oscillator issues signals which can foretell market movements:
Price has momentum.
Stochastic does not.
Lane turned and walked out, leaving them flummoxed. No one dared to ask him again.
Whooph averages 121% annually TWA.
