Loading ...Silver – Hugely Important Point RIGHT HERE
The outcome of this bull/bear battle, right here could well define the silver market for a long time to come. Like gold, silver has broken through this resistance in many global currencies, but still has a lot of catching up to do.
Looking far fetched, don’t the moving averages ever have any meaning for direction???
I’m not sure I know what you mean. Can you elaborate ?
So many lines , shouldn’t your top line be off the most points touched? How about the all important 200 ma for a target, the right chart is all just random lines meandering to various points of happenstance on a 2 yr log for . Why not a line from the tops from 2017 with the 200 line, looks like the practical line in the sand . The upperline from july2016 to every top since with a “this is it breakout” call seems futile and tiring.
Not sure what to say to that Highroller. Symmetrical wedge breakouts with a false breakdown are a recognised chart pattern. All I’m saying is that tis is a hugely important point. Horizontal resistance meets declining wedge resistance close to the apex at a time when gold in USD is at a critical juncture. I maintain my position that this is a very, very important point for silver.
just thought the upper trendline should be on the weekly tops from may to june and not on a 2 yr log time frame, yes horizontal resistance to chew thru but the big boys watch the 200 ,