My two most epic charts. Let's start with silver's big brother, gold. Because where gold goes, it sniffed out in advance the monetary imbalances, that eventually silver prices in.
The above point and figure chart reduces noise on time scale. It focuses on giving you a clear picture of important breakout lines, support and resistance.
Click on charts to enlarge:
Check out the bullish descending broadening wedge pattern from the textbooks. Can you now spot it in the above chart?
That is one explosive setup!
Now the layup to the silver chart. Again, point and figure to reduce time noise. The time scale is meaningless going forward. Just pure price action analysis.
I left the volume profiling on the right scale to demonstrate the take-off platform currently morphing into existence. Once silver closes above 28 on a monthly basis, it's rocket ship time!
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