Silver is Tracing out 1980 Post-Bubble Pattern
Written By: Tom McClellan | Posted: Friday, July 8th, 2011
Though this article was originally written June 3rd, the patterns today are still comparable to the silver charts of 1980. The chart below has been updated to show the continuing patterns. - editor
Chart pattern analogs have long been a popular way to get an insight into future price structures. When you see a structure in the current market that looks a lot like a structure in a previous period, then you can use the data from that previous period to look ahead to what current prices might do, assuming that the pattern resemblance continues.
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