The week that tends to follow shows rallies on Tuesday and Friday, a flat Wednesday and Thrusday, and a large range, down trend Monday.  With such a strong down trend, Monday seems to be a decent candidate for checking the continuation of the trend. A week downward or flat Monday could setup the Tuesday or Friday rallies.

Catching longer term trends like selling the open of Monday to the end of the week is a more profitable move than being spot on about any of the inner swings within the week.

As Tuesday was slightly down instead of rallying, and Wednesday dropped off later in the day. Typically this type of week has its largest ranges on Monday and Wednesday. Thursday and Friday can continue downtrends, but tend to be smaller ranges.

For longer term planning, Mondays following this type of week tend to have a continuation of downward movement. For those looking for a rally, Tuesdays also setup for the best candidate. This scenario is detailed in our member’s area here: Silver After a Down Week with a Large Range Wednesday.

It can be even more prominent if the largest range of the previous down week is Tuesday as well.

Without a rally on Tuesday current price movement has been more similar to a flat week, with Monday declining into choppy trading the rest of the week.

Monday scaled to a similar range of prices over all, while Tuesday similar to the pattern, but didn’t decline. This could point to some bullishness for Wednesday as well.

Here’s how price is currently tracking with that chart mentioned above:

In the other scenario from the above analysis on Friday, the opening of the week marks the low, so both charts tend towards a low on Monday. Likewise, the most pronounced rally tends to start late Wednesday in both scenarios.

The week was also similar to the week before a large range Friday, with steadily declining lows till Thursday:

Considering the down week and the large range Tuesday, a week like so tends to follow:

Just with the large range Tuesday, the following week is like so:

The two weeks contradict on Monday, while both agree on rallies form Wednesday to Thursday highs.  Keeping a close watch on Monday price movement should provide insight into which chart is tracking to next week’s price.

In overall form, the week was pretty similar to a week that follows a flat range:

With Friday being the largest range day of the week and taking the typical downturn when Friday is the largest:

The upcoming week tends towards either a large range Wednesday, Thursday, or Friday. With Wednesday and Friday being the strongest candidates.

First, following the LRD of Friday, and not considering the flat week we get:

With Wednesday and Friday being the largest, and the bulk of the week trading in a tight range.

Considering the flat week as well we see:

Both have consensus on a downturn and rally on Wednesday with both weeks closing at highs, with the latter being flatter. Wednesday or Thursday tends to mark the low of the week.

Wednesday makes the best candidate for a short, while the best long move tends to be after mid-Thursday declines.

With the most notably day being Wednesday, making a large move to the upside. So far Monday’s price movement (in black) has held up with the average pretty well and if Tuesday continues along as well it could set up well for a Wednesday rally.

Generally following a down week is a similar price movement: declining Mondays, flat Tuesdays–with both days near weekly lows, mostly rallying Wednesdays, a sharp decline Thursday after some less volatile price movement, and Friday that can rally or close flat near the open:

Again, the long term trend has been up, so other factors would be needed to make the call on the reversal, but if you’re expecting it, and struggling to find the match in the seasonal, sometimes flipping it will dial in the trade.