Hi folks. Just was messing around a little bit with the daily chart and one could consider there's a huge bullflag pattern coming up. Look at the chart below.... I have also included the last bullflag, (that did play out, hitting it's $30 target Now, from the same bottom as the previous bullflag, there's a bigger flag in the works, target for that one, if confirmed with a break of the high is around the $39 area.
$39 silver would be awesome, everytime I see one of those charts it reminds me of how bad I am in statistics
John from Stella seems to think the opposite (as per his last video) ... I guess well have to see if we break the 31 soon and see it as a continuation ....
Just watched JCs video. Just says that hes concerned about the chart. I have to say that I'm not concerned at all. Theres a beautiful explanation about this in The Black Swan by NNTalebs book. That the more frequently you examine prices, the more you will be worried and concerned. Essentially, you'll just be looking at the ripples on the surface of the water as a massive tidal movement of water is occuring ie. You're looking at noise and missing the signal.
