Loading ...$Silver – Daily
It would appear from the chart below that Silver still has some downside business to attend to, that is – touching the bottom rail to complete a 7-pt reversal within this symmetrical triangle:
However, that is not the case when viewing price action via a line chart, which only records closing prices – which can often reveal breakouts or price support levels that other types of charts do not:
Chinese Holiday coming up could be a busy week.
you’re right, plus the cpi on wed…
keep some powder dry!
Check the action last year. The Holiday started in Jan last year it moves about. Interesting price action before, during & after.
Thanks for your posts RTV.
Very good point. Line charts, bars, log, non-log, they all give a slightly different perspective.
Agree…line charts can be an early warning and give fewer false signals. Watching