Author Archives: pmontesdeoca

SILVER FIBONACCI INTERMEDIATE TARGETS COMPLETED

 

 

 

Silver Fibonacci Intermediate Targets Completed

 

After achieving profit objectives set in early January, Patrick MontesDeOca, CEO of the Equity Management Academy, today predicted a retracement in the silver market based on Fibonacci analysis and the Academy’s proprietary VC Price Momentum Indicator.

 

In an article on Trader Planet in early December, MontesDeOca recommended his subscribers to buy silver. Since December 20, silver has risen from $15.68 to $17.8750.

 

“We have pretty much captured a $2 move,” MontesDeOca said. “Our expectation for this move was $2.50.” However, he said, based on the VC Price Momentum Indicator, which indicates major turning market points, “We might have seen an intermediate to short-term high in the silver market at $17.8750.”

 

The VC Price Momentum Indicator is strictly a mathematical formula, unaffected by chatter in the media or on the Internet.

 

The Indicator shows, MontesDeOca said, “If the market closes below $17.80 for the week, we should be looking for a correction. It’s a pretty compelling picture of harmonic timing, with all of the daily and weekly indicators aligning, which suggests there is a high probability that when the price reaches these levels, traders should take profits.” There is, he said, “Significant potential for a correction.” He predicts that silver could test the $17.59 level, with $17.47 the lower level.

 

“The magnitude of the rally,” MontesDeOca said, “pretty much fulfilled the profit objective for this leg,” which started in December. “We could be going into a second-wave correction and that could lead down to $17.12 to $16.76 once again.” The market could move down to $15.76, which would be a 50% Fibonacci retracement. Below that, he said, we are looking at a 68.1% retracement to $16.50. The VC Price Momentum Indicator suggests that prices have activated the weekly lower levels of $17.12 to $16.75, “with a high probability of $16.75 being reached over the next several weeks.”

 

For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email support@ema2trade.com or call 805-418-1744.

Silver Fibonacci Bullish Continuation Patterns SPECIAL ALERT


Patrick MontesDeOca, CEO of the Equity Management Academy, said the silver “correction has been completed and silver has resumed the uptrend and is set to challenge the highs of $18.50.”

MontesDeOca said, “The silver market corrections are pretty shallow, not as deep as previously, and the pattern seems to be more of a continuation pattern.” He also recognized a descending wedge, which is a bullish indication. If the market wants to close above the resistance line, it would activate a buy signal. He said, “We have entered into a bullish low, trading above the 9-day moving average, and above the wedge resistance line. We ran up in the past few days to high of $17.74. That’s a pretty substantial gain from the low of $16.63. That’s more than a dollar move in five days. The market seems to be supported by very strong demand on any corrections.”

MontesDeOca said, “We recommended after the market hit a high of $17.7450 and met our weekly targets we published Saturday, that these targets were completed.” The action today, he said, is “a very important indication that the market doesn’t have any interest in moving down below the 9-day moving average at $17.30” He sees a “tremendous amount of support.” If silver does close within 25% of the high, around $17.50 or above $17.42, it “would be an indication of pretty much a resumption of the up-trend.”

One of the indicators that we use, Fibonacci trend lines, he said, is used to identify the support and resistance numbers. MontesDeOca said, “Once the market broke above the resistance numbers, the target automatically was $17.70 to $17.77. We announced it in the trading room,” that was the level to take some profits off the table and adjust your positions a little bit. “It did turn out to be true as the market came down to $17.46.”

MontesDeOca said, “Today’s action in the market was extremely bullish. The market came right into our daily codes to buy one at $17.31 and buy two at $17.20. The market coming down to $17.26 activated the buy signal..of about $17.31.” He said, “We are penetrating weekly resistance and daily averages that indicate that the market wants to move higher, testing that $17.73 level or higher.” If silver closes above the highs here, he said, it will indicate a buy signal. He sees “Hardly any resistance all the way up to about $18.52.”

MontesDeOca concluded, “This correction has been completed to the downside and has resumed the uptrend and is set to challenge the highs of $17.77. Closing above $17.77 will activate the targets above of about $18.51.”

For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email support@ema2trade.com or call 805-418-1744.

SILVER FIBONACCI CONTINUATION PATTERNS PODCAST

 

 

For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email support@ema2trade.com or call 805-418-1744.

 

GOLD UP SWING TARGETS COMPLETED! PODCAST

 

 

For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email support@ema2trade.com or call 805-418-1744.

 

Gold Up Swing Targets Completed! SPECIAL ALERT

 

Patrick MontesDeOca, CEO of the Equity Management Academy, today (January 31, 2017) discussed the buying and selling recommendations in a report published on Saturday, January 27 based on the VC Price Momentum Indicator. The indicator is a proprietary set of algorithms which MontesDeOca uses to trade his fund and to advise the select group of Academy subscribers.

 

The report published on Saturday said that if gold closed above $1172, which would be above the 9-day moving average, the market would be “bullish.” If the market closed below $1172, such a position “would negate this bullish short-term trend.” Gold closed above $1172, so, MontesDeOca said on Saturday, “Gold is bullish, based on the 9-day moving average.” He also uses the mean price value for the week, which marks the equilibrium point of the week. This week that point was at $1199. If the market closes above $1199, he said, “That would negate this bearishness and would activate a neutral signal.” The VC Price Momentum Indicator clearly shows subscribers where to take profits. On Saturday, those points to take profits were $1218 to $1220. The report recommended exiting long positions between $1215 and $1239.

 

So what has happened thus far this week?

 

The high gold thus far is about $1217. MontesDeOca said, “We have gone through the $1215, $1218 area, and this target has been completed. . .This is where you can rest, take some profits and wait for the market.”

 

If the market closes above $1215 for the week, the new target will be $1239. If the market closes below $1215 this week, the reversion to the mean should occur with the weekly code at $1189 or about $1196.

 

MontesDeOca said, “Targets have been completed on the swing to the upside. The beauty of the VC Price Momentum Indicator is that it tells traders where to enter and exit without judging the market.”

 

For more information on the criteria to join the Academy’s select group of investors or to see every trade recommended by the VC Price Momentum Indicator for the past few years and its impressive rate of return, please email support@ema2trade.com or call 805-418-1744.

 

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