jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
Silver's 30 year chart cup and handle formation equals price ready for launch soon
Anyone here who follows technical charting has heard of a cup and handle formation. It is one of the most bullish chart formations generally speaking. Now, technical analysis doesn't always "pan out", but often times it does.
I have attached a link showing (you have to scroll down to the bottom) the 30+ year chart for silver which shows a very well formed long term cup and handle formation already formed. I remember looking at this chart back in mid 2012 and being sort of bummed that the handle would surely never form as it should, meaning back then I had to consider silver actually dropping to the lower 20's in price to form that much needed "handle" to have a proper cup and handle formation. Well, we are now here and just waiting for the take off.
They say the longer the time it takes to form the cup and handle, along with the shape being more a U and not a V, the better as well. Further, the handle needs to go down to around half or so of the cup. Check, check and check.
Just my opinion and do your own due diligence.
Silver Price History
Jim
Anyone here who follows technical charting has heard of a cup and handle formation. It is one of the most bullish chart formations generally speaking. Now, technical analysis doesn't always "pan out", but often times it does.
I have attached a link showing (you have to scroll down to the bottom) the 30+ year chart for silver which shows a very well formed long term cup and handle formation already formed. I remember looking at this chart back in mid 2012 and being sort of bummed that the handle would surely never form as it should, meaning back then I had to consider silver actually dropping to the lower 20's in price to form that much needed "handle" to have a proper cup and handle formation. Well, we are now here and just waiting for the take off.
They say the longer the time it takes to form the cup and handle, along with the shape being more a U and not a V, the better as well. Further, the handle needs to go down to around half or so of the cup. Check, check and check.
Just my opinion and do your own due diligence.
Silver Price History
Jim