Silver Trading Chart Update Tuesday April 24, 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
April 24 – Silver retrace was deeper than expected. Revised 16.95 as May 7 most probable PT. SuperNova $SILVER Algo Chart Model $SLV, $USLV, $DSLV
Per recent;
Silver on fire through chart model. Retrace to 16.96 Apr 24 and uptrend to 17.72 May 7 probable PT. SuperNova $SILVER Algo Chart Model $SLV, $USLV, $DSLV
Per Recent;
Silver keeps hitting support in symmetry. SuperNova $SILVER Algorithm Chart Model. April 8 212 AM $SLV, $USLV, $DSLV
Per recent;
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.
Key Silver Buy Sell Triggers (wide range swing trading):
18.51
17.74
16.96
16.17
15.40
Silver 2 Hour Chart Model (daytrading)
Silver confirming long side trade bias over 16.69 first target 16.78 then 16.95 on daytrading model. SILVER $SLV #trading https://www.tradingview.com/chart/SILVER/cVp4ec08-Silver-confirming-long-side-trade-bias-over-16-69-first-target-1/
Per recent;
Silver daytrading model 240 min perfect technical trading with 17.72 May 7 Price Target. SuperNova $SILVER Algo Chart Model $SLV, $USLV, $DSLV
Per Previous;
SuperNova $SILVER Algo Chart Model 2 Hour Daytrading Chart. Apr 9 223 AM $SLV, $USLV, $DSLV
Silver Conventional Charting
April 24 – Silver touch to 100 MA and came off. Intra getting a bounce here.
Per recent;
April 19 – Silver touch to 100 MA on Weekly. Not saying it will go… but I wouldn’t want to be short. $SLV, $USLV, $DSLV #commodities
April 9 – Silver 200 MA area resistance holds on Daily conventional chart. #Silver $SLV
Recent Algorithm Price Target Hits
April 19 – Since the posts below the models have been hitting targets regularly. Looks like we have the models dialed in.
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: SuperNova, Silver, Chart, Algorithm, $SILVER, $SLV, $USLV, $DSLV