The Power of the Pattern highlighted in August of 2010, that a “Large Bullish Ascending Triangle” had formed in Silver and the pattern was about to end in the chart below and that a “Huge Move” was in store! (See bullish Ascending post here)
Result of this pattern….148% rally in 19 Months!
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The Power of the Pattern reflected last June that a series of “Bullish Ascending Triangles” which lead to big time rallies in Silver had taken place and that a “Bearish Descending Triangle” was forming (Descending Triangle post)
Result of this pattern….. Silver is Down 21% in 11 months!
Silver was trading at $28.66 at the time, on what many thought was support. The key to this situation was the “descending triangle pattern! Today Silver is now trading 21% lower.
Below is an update on these “Ascending and Descending Triangles” in Silver…
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I DO NOT believe the full impact of this Descending triangle has played out in Silver. The patterns reflect big opportunities lie ahead for Silver.
We started a new Metals Research Service a few weeks ago, designed to provide short, medium and long-term ideas in Gold, Silver, Copper & Miners. If you would like to see what the patterns are suggesting, we would be honored to have you as a member of this service.
Month Membership is just $29 (sign up here). Annual Members get a 20% discount (sign up here).
Metals traders are doing something in the metals complex that hasn’t happened in the past 30-years! If you feel this could be important to you and your metals investments, join now to see what this rare situation is and how to take advantage of it!
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