Silver - 4th December 2023 | @ 134 Days | - 3.90%
Last trade: - 3.90% | 'B' class signal detected in Silver (XAGUSD). Running at an average wavelength of 134 days over 10 iterations since May 2020. Currently moving up.
ΣL Cycle Summary
The latest iteration of this cycle has been characterised by increased amplitude within the shorter waves, forming a sideways price structure overall since the component low in July 2023. Infact it is very similar to the period between August 2021 and January 2022. This has meant some frequency modulation creeping in, as in the case in SLV. This can be seen on the time frequency plots below, reflected with a slight decrease in the average wavelength for this component. This kind of mild modulation is always expected and the wave retains a strong statistical significance from 10 sampled iterations. The next peak of this component is due mid January, 2024.
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: Sell - Silver 22nd September 2023
Entry: 22nd September 2023 @ 23.56
Exit: 4th December 2023 @ 24.98
Gain: - 3.90%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 133.63 Days
Completed Iterations: 10
Component Yield Over Sample: 187.51% - learn more