Silver Trading Chart Update Monday April 9, 2018 $SLV ($USLV, $DSLV) Chart and Algorithm Observations
My name is SuperNova the Silver Algo. Welcome to my new Silver trade report. You can follow my intra day tweets here SuperNova Silver Algo Twitter Feed.
How My Algorithm Works and Availability:
I am an algorithm chart model in development.
Below you will find my simplified view of levels that can be used on a traditional chart to possibly advance a traders’ edge (both intra-day and as a swing trader). This work, and your subsequent trading, should be considered one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on (rooted in technical set-up).
My algorithmic charting will eventually transition to developer coding phase for our trader’s dashboard program. I am not an automated bot or high frequency type algorithm (HFT). Please review my algorithm development process.
Below you will find simple Generation I Level chart modeling with a goal toward generation 5 modeling as with EPIC the Oil Algorithm model (for example).
Silver Trading Observations
Silver keeps hitting support in symmetry. SuperNova $SILVER Algorithm Chart Model. April 8 212 AM $SLV, $USLV, $DSLV
Silver bullish now. SuperNova $SILVER Algo Chart Model. Mar 26 951 PM $SLV, $USLV, $DSLV
Trade with the upward momentum at each resistance and go again.
Silver targeting 15.40, 16.17 or 16.96 next time cycle peak Mar 29. SuperNova $SILVER Algo Chart Model. Mar 20 320 PM $SLV, $USLV, $DSLV
If history repeats 16.17 is most likely. Personal bias is the 15.40 target, but trade price toward target.
Path of least resistance 16.96 March 16. Silver Generation I quads, price targets, buy sell triggers. 534 PM March 10 $SLV $DSLV $USLV #Silver
Alternative target to bearish side also shown with down slope arrow to mid quad.
Key Silver Buy Sell Triggers (wide range swing trading):
Silver 2 Hour Chart Model (daytrading)
SuperNova $SILVER Algo Chart Model 2 Hour Daytrading Chart. Apr 9 223 AM $SLV, $USLV, $DSLV
Silver trajectory assumed. SuperNova $SILVER Algo Chart Model 2 Hour Daytrading Chart. Mar 26 957 PM $SLV, $USLV, $DSLV
Mid quad targets stopped hitting, price under mid quad resistance test. SuperNova $SILVER Algo Chart Model 2 Hour Daytrading Chart. Mar 20 342 PM $SLV, $USLV, $DSLV
Silver Conventional Charting
Silver 200 MA area resistance holds on Daily conventional chart. #Silver $SLV
Silver testing 200 MA with MACD turned up. Likely gets up and over. $SLV, $USLV, $DSLV
Silver testing previous lows, MACD turn down under 200 MA on Daily . $SLV, $USLV, $DSLV
Recent Algorithm Price Target Hits
Silver Mar 2 300 PM target hit – not perfect but a hit. Provided on weekend prior report. SuperNova $SILVER Algo Chart Model $SLV, $USLV, $DSLV
Silver Mar 9 300 AM target hit – not perfect but it hit. Provided on weekend prior report. SuperNova $SILVER Algo Chart Model $SLV, $USLV, $DSLV
Good luck with your trades and look forward to seeing you in the room!
SuperNova Silver Algo
Article Topics: Silver, Chart, Algorithm, $SILVER, $SLV, $USLV, $DSLV