Silver (SI) Reclaims 38.2% Fib Retrace of Mar-Aug Rally

Silver (SI) soared a massive 6% plus yesterday, breaking above descending wedge resistance (on the daily chart). Significantly, SI has reclaimed the 38.2% Fib retrace of the March to August rally, and is showing early signs of trying to halt the strong profittaking since the August peak. Before bulls get excited, they'll want to see SI reclaim the November high and weekly chart upchannel support. A deeper consolidation after yesterday's powerful gains can be expected today following Powell's comments at 10am EST, and certainly following Friday's highly anticipated US Non-Farm Payrolls (NFP). Congratulations to readers who heeded the warning August 5th of SI's overbought conditions. Apart from the weekly MACD which still slopes down, the weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains. I am looking at entering long in the green zone (of the daily chart), targeting the red zone for Tuesday. The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).

Silver (SI) Weekly/Daily/4hr

Click here to read todays technical analysis of Gold, VIX

Bitcoin (BTCUSD) Consolidates Just Shy of Record High

Bitcoin (BTCUSD) has seen healthy consolidation this past week after the massive near 100% run from the September low to last week's peak (near the 2017 record high).  Get the latest Bitcoin biweekly commentary (published Dec 1) with ICE Futures Singapore.

Cross Asset Year End Technical Analysis Webinar

Date: Postponed to Jan 7th 10am EST

Host: Interactive Brokers

As the new year begins, traders often look for potential trend reversals, whether on underperforming markets poised for a rebound, or markets forming major tops. Join Tradable Patterns’ Darren Chu for his technical analysis of the 2019 year end monthly charts of index, commodity and FX Watchlist markets and Bitcoin. Big picture market fundamentals will be highlighted adding context to the technical analysis, with the assumption that the audience has an intermediate level understanding for technical analysis, futures, FX and Bitcoin.

Free Registration

Cross Asset Year End Technical Analysis Webinar (1hr)

Bitcoin/DeFi Webinar Now Available

Honoured to share the stage with Apollo Capital and Intercontinental Exchange in discussing what DeFis tremendous growth means for Bitcoin and broader crypto adoption.

Crypto Weekly Outlook

Crypto Weekly Outlook



Coffee Daily

Get your coffee today? You can now enjoy your brew with Coffee Daily - Tradable Patterns' Arabica and Robusta Coffee Futures technical analysis newsletter,published Monday to Friday before the London open. Write to info@tradablepatterns.com for pricing details and sample reports as of the July 13 launch, illustrating how the massive moves since were hinted through pattern recognition.

Coffee Daily

 

Equities & ETFs

Latest trades published for Premium Members Nov 11th.

Equities & ETFs has taken on a new format where it is now an Entries/Exits style service inspired by technical analysis on a collection of equities and ETFs. The 25 equities and ETFs initially profiled for their beaten down, trend reversal potential, between April 17 to May 22, 2020, have mostly ran up tremendously since then, and are assumed to be closed trades as of June 10th using the day's opening price. Congratulations to all Premium Members who profited from these long equity/ETF ideas soon after they were initially profiled.

I will look to explore new long/short trade ideas on Equities & ETFs with Premium Members with a target of 5 multi-week to multi-month swing trades each month. Premium Members also have access to monthly and weekly chart technical analysis for 5 Equity/ETF markets each Saturday.

Join the world's largest asset manager and 2 of the world's 5 largest (and 5 of the 10 largest) hedge funds by AUM as daily readers of Tradable Patterns' technical analysis. As seen on Bloomberg, Refinitiv, Factset and Interactive Brokers, readers include global top 10 investment banks. If you represent an institutional investor or potential distribution partner, write to info@tradablepatterns.com to request Bloomberg, Refinitiv and Factset readership reports. Also seen on FT (Financial Times), Interactive Brokers, ICE Futures Singapore, Amazon, Zerohedge, CNA, Liquid (Quoine), Tradable Patterns (https://tradablepatterns.com) publishes 4 newsletters: Today's Top 3 Trades, Equities & ETFs, Coffee Daily and Crypto Weekly Outlook.

Today's Top 3 Trades, Equities & ETFs, Coffee Daily, Crypto Weekly Outlook and all other Tradable Patterns content do not constitute an advisory and do not make recommendations, but can supplement your own analysis. Please do your own due diligence ahead of any trades.