Going back to the origin of the data in the mid 1800s, Silver shows repeating and somewhat fractal cup and handle formations. If you look at the time to complete of these formations, you can see that each cup and handle takes 1/3 of the time to complete from the previous.
We are continuing to see this on the smaller timeframes. I assume these will cause Silver to go exponential in the short term which is likely happening now
Current pattern in formation
We are continuing to see this on the smaller timeframes. I assume these will cause Silver to go exponential in the short term which is likely happening now
Current pattern in formation
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Notes: The 2011/2012 top of cup is a little bit messy, but it seems like there is a handle that also forms a cup. Whether the height of the cups at at $48 or $35 is a little bit of a guessing game, but I would go with the $35. Also I know that the somewhat fractal cup and handle formation is not a new idea, but I have yet to see the time estimation that I have provided
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.