Tag Archives: SLV
It took just one week to invalidate a typical reversal rounding top formed in SLV, the Silver ETF. This marks another major failure of technical analysis, one of the many witnessed in the last couple of years. Should traders stop using this … Continue reading
Spot Silver rose 5.46% last Friday and SLV, its ETF, followed with a 5.0% gain. Is this the beginning of a new bull market for silver?
Recently there have been many chart pattern failures in several markets. One must be very careful with chart analysis because the market rarely rewards predictions that are obvious to anyone with a book on technical analysis and a personal computer running a charting program. Examples … Continue reading