Silver - 12th January 2024 | @ 138 Days | - 6.32%
Last trade: - 6.32% | 'B' class signal detected in Silver (XAGUSD). Running at an average wavelength of 138 days over 10 iterations since May 2020. Currently peaking.
ΣL Cycle Summary
Although there is some significant frequency modulation creeping into this wavelength over the last few months, resulting in some uncertain phasing, a peak has very likely occurred recently. Given the past strength and clarity of this wave we should still pay attention, notably to the next trough, due late March/early April. Bear in mind the uncertainty in phase due to the increased recent modulation, quantified below!
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Late Buy - Silver 4th December 2023
Entry: 4th December 2023 @ 24.54
Exit: 12th January 2024 @ 22.99
Gain: - 6.32%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 138.18 Days
Completed Iterations: 10
Component Yield Over Sample: 186.74% - learn more