The crushing pennant.

Discussion in 'Silver' started by nasa, Sep 7, 2011.

  1. nasa

    nasa New Member

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    No need for words here.
    A picture speaks a thousand words.
    This is on the Daily. Looks like a big silver bull to me.

    [​IMG]
     
    nasa, Sep 7, 2011
    #1
  2. Guest

    Guest Guest

    nasa, do you think it will break up or down?
     
    Guest, Sep 7, 2011
    #2
  3. Guest

    Guest Guest

    ...just saw you said it looks like a silver bull. I agree :D
     
    Guest, Sep 7, 2011
    #3
  4. ReturnToZero

    ReturnToZero New Member

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    Dude I don't think you have enough indicators
     
    ReturnToZero, Sep 7, 2011
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  5. Nukz

    Nukz New Member

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    Nice graph looks like its got bollinger bands and well... everything lol

    So we have 30 days left in our trading range of $37 - $40 then we are expecting a breakout of some sort. Silver has been in consolidation for some time i would expect a break-out on a technical basis sometime between now and the next 3 months but if Europe or the U.S goes into recession all bets are off.
     
    Nukz, Sep 7, 2011
    #5
  6. nasa

    nasa New Member

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    Truth is I deleted some indicators so you can see the trend more clearly.....LOL
     
    nasa, Sep 7, 2011
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  7. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    I personally wouldn't class that as a TA triangle.. at best, a descending triangle (usually bearish, with flat base) - but it appears more just a run of the mill channel.
     
    SilverSale, Sep 7, 2011
    #7
  8. boston

    boston Well-Known Member Silver Stacker

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    To me it looks like a bowl of spaghetti, gone wrong! Glad I don't do TA. :)
     
    boston, Sep 7, 2011
    #8

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