Showing posts with label triangles. Show all posts
Showing posts with label triangles. Show all posts

The Silver 'Pennant'

Our fine in-house TA tactician, GrundleMaster 'GM' Jenkins has frequently made reference to the large silver pennant that has formed on the silver chart over the last year (here being a fine example).

He is right to highlight this pennant's importance as, in my opinion, it is this formation that will govern the silver price through much of 2012. So I'd like to take a closer look, and see what conclusions we can draw about suitable buy-points and sell-points (for the traders amongst us) and a wise entry point for those wishing to sit on a stack of the metal for a long period of time (for the investors that grace this site).