Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.
Silver's overall trend, revealed by trends of price, leverage, and time, defined and are discussed in The Matrix for subscribers.
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Disagreement between the daily, weekly, and monthly trends suggests a neutral market within a broader bearish trend. This inconclusive setup does not encourage immediate buying or selling. Traders wait on the safety of the sidelines, while investors, followers of the weekly and primary trends, retain their bearish positions.
Richard Wyckoff's methodology defines silver as building cause until it jumps the creek or breaks the ice above or below key reversals (see Matrix). These events will be driven by TIME. A breakout above or below a reversal rarely happens as TIME expires in the daily, weekly, or monthly trends.
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Silver Review
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