Silver Fan Lines – for silver fans
Have posted this silver fan line chart once before. It may still be of interest. Notice the three back tests to fan line #1 preceded a silver rally.
Ditto for fan line #2. The third fan line now also has 3 back tests – the latest BT sporting a long bullish hammer. This does not guarantee a rally in the price of silver, but then again a rally cannot be discounted…
Here is a chart from Tips for Trading with Fan Lines –
https://tradingsim.com/blog/fan-principle/
A haunting thought is a pattern break downside, on HUI for example, that explodes upward when every man and his dog leans on the wrong side of the trade. Shades of January 2016. Fool me once, shame on you. Fool me twice, shame on me. (Is that how the saying goes, Mr. George W. Bush Jr.?)
Well, its a plan, although as the Scottish poet Robbie Burns wrote when his plough blade upturned a mouse’s wee home, “The best-laid schemes o’ nice an’ men Gang aft agley…”
OK, Mr. Market, let’s see what you got.
yes interesting original work ..Thanks Fox
‘silver fan’s I see what you did there, lol. Thanks for the charts – looks promising for a bounce at least.
Is there some rule of 5 lines?? Spock posted similar months back on some stock and had noted some rule as such? I dunno, the brain can only take in so much.