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AGQ trade ideas

Silver and AGQ Looks like a buyGreetings! Precious metals and therefor AGQ look attractive on several time frames for both traders and investors Here is a quick run down of why I am in AGQ as of today (p.s. this isn't financial advise, it is why I do what I do): Price action just retested previous horizontal resistance as support at 39.5 popped below the daily bollinger band and is recovering. retested the 300 daily EMA as support and the 9 seasons rainbow is suggesting we are crazy oversold This reinforces my notion in the chart below that the flag pole created a falling wedge and we can reasonable suspect to see price action continue its way up the flagpole with this consolidation either bisecting or trisecting the total move. It is nice to see the flagpole hypothesis backed up with lots of bullish divergences as the chart shows below, with a rough target for silver futures. A broader look at silver futures shows that price action has just completed a consolidation between the 0.5 and 0.382 fib channels levels and if the flagpole performs it gets us into a nowhere land and between the 0.618 and 0.786 retrace level. That is a pretty wide level but, as an optimist, I hope for overperformance. The volume situation is looking absolutely lovely for blast off. The Volume Profile Visible Range is definitely something that you can use to see whatever you want so I use it with the Average true range (set to log scale here) to help me find an absolute low in volatility to help set the chart. After setting the chart properly I can then look at what price action would be doing. The Value area is set to contain 68% of price action and the fact that price action has found support on top of the value area, by interpretation, suggests we confirmed the first up-leg in this bull market. These are going to be heady times for precious metal bugs as there is a good chance that this move will set up a multi-year consolidation pattern as we see happened between 2004 and 2006 and them massive continuation and with all the quantitative easing going on I would expect a quicker consolidation this time around. Out of everything in this post what is below is the furthest reach but it is still exciting to see a potential inverted complex head and shoulders on silver futures divided by nasdaq futures. Hell, even if I am wrong and price action just returns to the neckline this is a great chance to buy silver against equities. The linked idea from yesterday has much of the same analysis as here but on gold. The other linked idea shows where I used a lot of the same patterns I did in this idea to nail the bottom on SPXUSD during the great dip of 2020. I have gotten pretty good at identifying these lows and getting good entries, the problem for me now is holding them closer to investments as opposed to trades. If you follow me you will see I now use the volatility stop and fib channels to help me make sure levels are met, but that isn't applicable to this post yet.
AMEX:AGQLong
by This_Guhy
2
AGQ - a Proshares Ultra ETF with potential to 'fly'ProShares Ultra Silver (AGQ) ProShares Ultra Silver seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Silver SubindexSM. This leveraged ProShares ETF seeks a return that is 2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks.
AMEX:AGQLong
by FX_Professor
AGQ H1: SWING: Accumulation / BUY DIPS 45% gains (SL/TP)(NEW)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates AGQ H1: SWING: Accumulation / BUY DIPS 45% gains (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: AGQ 1hour/candle chart review ::: TP BULLS is 45% gains soon ::: BUY/HOLD SETUP ::: chart looks strong right now ::: strong bottom confirmed with 3 tests ::: expecting more gains after DIP ::: BULLS should focus on buying DIPS ::: September strong month SILVER / GOLD ::: recommended strategy: BUY DIPS ::: near 49/50 USD best reload BULLS ::: TP BULLS is 45%+ gains ::: if there's a mild dip just buy it ::: BUY/HOLD - swing trade settup ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: pullback/DIPS ::: Sentiment outlook mid-term: BULLS/REVERSAL
AMEX:AGQLong
by ProjectSyndicate
4
AGQ 4W: BUY/HOLD 150% strong bull market(STOCKS/ETFs)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates AGQ 4W: BUY/HOLD 150% strong bull market(STOCKS/ETFs) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: AGQ 4weeks/candle chart review and outlook ::: PROSHARES ULTRA SILVER ETF ::: chart looks strong right now ::: precious metals gaining due to FED policy ::: miners benefiting from rise in prices ::: silver outperforming gold recently ::: 250% pump off the lows already ::: however 150% upside still remains ::: recommended strategy: BUY/HOLD at market ::: TP +150% gains ::: setup for patient traders only ::: do not expect fast/overnight gains now ::: good luck traders 🔸 Supply/Demand Zones ::: supply/demand: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment short-term: BULLS ::: Sentiment outlook mid-term: BULLS
AMEX:AGQLong
by ProjectSyndicate
1
Silver AGQ/USLV Breakout HAPPY NEW YEARS TRADINGVIEW! I figured what better way to start off the new year than to take full advantage of the current sell off in equity markets. In addition to some lucrative short plays, I am really loving the RR of getting into commodity markets. It's a story as old as time really! Well, maybe not that old, but it is a repeating phenomenon as old as derivatives. When equity markets start to falter, commodities and more specifically precious metals start to boom! The main caveat for this trade is the fact that commodities are extremely undervalued. That is not only my personal opinion but also an explicit fact. The SP500 Commodity Index vs SP500 Equity Index is at nearly a 50 year low. Commodity prices have always positively correlated with higher inflation and tightening monetary policies. Inflation has already been increasing across the board and will hit the global economy in a synchronized manner. Higher inflation is negative for bonds and equities, especially at current levels. In addition to the inflationary pressure being applied to global markets, central banks will soon tighten monetary policies faster than markets can efficiently price in these policies to compensate respectively. With interest rates and inflation on the rise, many individuals will turn to precious metals as a safe haven. All factors align perfectly for commodity prices to enter an enormous bull market. And as we have seen recently, this scenario has already started to play out. But enough with the fundamentals and preamble, lets get into the bare essentials. Cloud signals: -TK Cross underneath cloud -Price about to test Senkou Span B (upper cloud boundary) -Kumo Twist (Shorter time frames have twisted) -Targets- Entry: $25.00 Stop loss: $21.25 or -15% Target one (30% equity): $35.50 Target two (30% equity): $43.50 Target three (40% equity): Trailing stop set to (- 15%) from trigger ____________________________________________________________ * Not financial advise *
AMEX:AGQLong
by smythca1
Potential Bearish Cypher I present this potential Cypher for several reasons: 1. This ratio will rise as Silver rises. As the CD leg is a rally in this ratio, this implies Silver is rising as well. The fact that this CD leg appears to be setting up for a move to the PRZ is further implication that the metals may be turning. 2. IF one agrees that Silver is headed higher longer term, this AGQ leveraged fund is shown as an option. The ratio simply shows how it would react to Silver rising. So, while the Cypher is geared to highlight the PRZ for reversal, Im showing here as potential further support for the metals rally scenario in light of the CD leg reaching the PRZ (which is NO guarantee, of course). It can be traded or simply monitored for insight into the metals group itself. If/when the ratio would reach the PRZ, at that time it would likely be prudent to consider selling any Silver/AGQ held as a reversal in the PRZ would imply to do so.
AMEX:AGQ
by TAcharts