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SILVER (Weekly) - SYMMETRy and MC&T downtrend            Return to Metals Oil & gas
                                           - SYMMETRY and MC&T new downtrend

 * Guidelines : how to read the Trading Set-Up on this website.

 * Abbreviations - FLIP LINE : FL                Flip Target : FT               Measured Move : MM              
                       - pull back : PB                Andrews Pitchfork : APF               Middle Line : ML        
                            - Fibonacci extension level x% : FIB E X%          Fibonacci retracement level x% : FIB r X%
                            - Médard Count & Targets : MC&T               Médard Counter Trend Pattern : MCTP
 

    * Automatic sliding images above show an overview of MT2 analysis and forecasts.

   * links below show an enlarged image of the slides above followed by detail analysis :

        540a- silver symmetry ( weekly) 04-15-13
   . This is an early version (2013) of the basic trading set-up for silver on the weekly chart. On exhibit are
        2 strategies : Symmetry ( Left) and MT2 Tibs ( Right). See "symmetry and Médard Count & Targets" for
        detailed explanations on how to construct and read a more recent version of this chart.
   .  The symmetry chart shows that price has broken the Flip Line and is moving downward toward Target 1
       at $20.07. The ya is at $26.101. expected target 2 (blue arrow) is at $10.610. Expected target 3 (Yellow
       Arrow) is not shown here but is at $2.161.
   .  The MT2 Fibs chart shows that price has already reached target Fib E200% between $27.533 and $26.587
       (yellow rectangle) and is approaching Target Fib E200% at 22.307 (Pink Rectangle). MC&T forecasts that
       price will further reach the following targets: Fib E200% at $19.408 ( Blue rectangle), At $15.731 ( light
       Blue rectangle), Fib E261.8% at $10.062 (Green Rectangle). note that This last target is CONFLUENT WITH 
       target 2 of the symmetry chart at $10.610. These targets are projected Swing LOWS, "point of Exit" AND
       THE resumption of the downtrend after EaCH pull back WILL provide THE opportunity to enter/re-enter
       the trade set-up, "point of Entry".
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        540b- silver symmetry ( weekly) 04-23-13
        540c- silver symmetry ( weekly) 05-19-13
    540d- silver symmetry ( weekly) 06-07-13 Down Trend
    540e- silver symmetry ( weekly) 06-30-13 down trend
    540f- silver symmetry ( weekly) 07-14-13 down trend
    540g- silver symmetry ( weekly) 07-28-13 down trend
    540h- silver symmetry ( weekly) 08-19-13 down trend
    540i- silver symmetry ( weekly) 09-11-13 down trend
    540j- silver symmetry ( weekly) 09-22-13 down trend
    540k- silver symmetry ( weekly) 10-20-13 down trend
    540l- silver symmetry ( weekly) 11-03-13 down trend
    540m - silver symmetry ( weekly) 11-24-13 down trend
    540n - silver symmetry ( weekly) 12-22-13 down trend
    540o - silver symmetry ( weekly) 02-23-14 down trend
    540p - silver symmetry ( weekly) 03-09-14 down trend
    540q - silver symmetry ( weekly) 03-21-14 down trend
    540r - silver symmetry ( weekly) 04-26-14 down trend
    540s - silver symmetry ( weekly) 07-04-14 down trend
    540t - silver symmetry ( weekly) 08-09-14 down trend
    540u - silver symmetry ( weekly) 08-31-14 down trend
    540v - silver symmetry ( weekly) 09-14-14 down trend
    540w - silver symmetry ( weekly) 09-28-14 down trend
    540y - silver symmetry ( weekly) 10-13-14 down trend
    540z - silver symmetry ( weekly) 11-03-14 down trend 
    540za - silver symmetry ( weekly) 11-25-14 down trend
    540zb - silver symmetry ( weekly) 12-17-14 down trend
    540zc_ silver symmetry_ weekly_ 02_11_15 down trend  
        540zd_ silver symmetry_ weekly_ 06_14_15 down trend
    540ze_ silver symmetry_ weekly_ 07_09_15 down trend
    540zf_ silver symmetry_ weekly_ 09_07_15 down trend
    540zg_ silver symmetry_ weekly_ 10_24_15 downtrend
    540zh_ silver symmetry_ weekly_ 11_25_15 downtrend
    540zi_ silver symmetry_ weekly_ 01_24_16 downtrend
    540zj_ silver symmetry_ weekly_ 02_16_16 downtrend
    540zk_ silver symmetry_ weekly_ 04_23_16 downtrend
        540zL__silver symmetry__weekly__07_14_16_downtrend
        540zm__silver symmetry__weekly__08_27_16_downtrend
        540zn__silver symmetry__weekly__01_06_17_downtrend
        540zo__silver symmetry__weekly__11_02_17_downtrend
        540zp__silver symmetry__weekly__03_30_18_downtrend
        540zq__silver symmetry__weekly__02_06_19_downtrend
   .   As shown in the médard count & targets chart, price has moved from a swing high of $21.130 to a
        swing low of $13.905, making lower highs and lower lows. Price is now at a lower high of $16,225.
    . the mc&t forecasts that price might continue on an uptrend until hitting the flip Line (Yellow).
  . the mc&t forecasts that price is however VERY likely to resume its downtrend AND COMPLETE THE ya
        Pattern BY REACHING TARGETS fib E200% at $11.783 ( white rectangle), at $6.703 (green rectangle) and at
        $3.288 (orange rectangle). These targets are projected Swing LOWS, "point of Exit". resumption of the
        downtrend after a pull back (ABC correction) WILL provide THE opportunity to enter/re-enter the trade
        set-up, "point of Entry".
                                  --------------  

    * Automatic sliding images above show an overview of MT2 analysis and forecasts.

   * links below show an enlarged image of the slides above followed by detail analysis :
                
   555a__silver symmetry__weekly__11_02_17_downtrend
 . This is the basic trading set-up for Silver on the weekly chart. On exhibit are 2 strategies : Symmetry
      ( Left) and MC&T ( Right). click the following link "symmetry and Médard Count & Targets" for detailed
      explanations on how to construct and read this chart. 
   .  The symmetry chart shows that price is trapped between the Flip Line ( solid yellow) and the outer line
       (Plum) of the APF. The ya is at $14.992. If price breaks the Flip Line, The expected target (blue arrow) is
       at $9.199. Pull backs are expected at $13.614, at FIB E127.2%: $11.586 and Fib E161.8%: $8.989.
   .  The MC&T chart shows that if and when price breaks the Flip Line after a short or extended Pull back
       (posibly all the way back to the upper line of the APF), price is then expected to reach the following
       targets: Fib E200% at $14.326 (green rectangle) and $13.457 (Red rectangle). These will be Swing Lows
       followed by a short or extended pull back (ABC correction).
   .  If instead price breaks the upper line of the APF, the Harmonic Pattern trade set-up will be used to
       trade the uptrend.
                                  ------------ --     
       555b__silver symmetry__weekly__12_09_17_downtrend  
       555c__silver symmetry__weekly__03_30_18_downtrend    
       555d__silver symmetry__weekly__07_21_18_downtrend      
       555e__silver symmetry__weekly__02_06_19_downtrend
   .  Price reached target at $14.325 (Green rectangle), tried to reach next target $13.457 (red rectangle) but
       instead formed a double bottom at $13.913 before pulling back.
   .  MC&T forecasts that price will either reverse back downtrend to hit target $13.457 (red rectangle), or
       will break the outer APF line before continuing uptrend to hit and possibly also break the Flip line.
       Note that price may hit the outer APF line without breaking it, but then may still reverse downtrend
       to hit target $13.457 (red rectangle).
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