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TRYING TO "Play the GSR" -- HORRIBLE IDEA
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<p>[QUOTE="EdThelorax, post: 3580951, member: 99854"]What I see is a rising wedge, shown in green. I chose the upper line based on the slope of the two highs of 2014 and 2016. I did not include the pre-2010 highs because I am focusing on on the uptrend part of the cycle. I did not include the very bottom from 2011 because it was a blow-off top in silver. The blue line is the old high from 2008. </p><p>Yes Jeff, it is very arbitrary. </p><p>The targets were derived from a Fibonacci retracement of the old high and low. </p><p>If the GSR continues to rise, everything will have to be re-drawn. It has actually broken the upper trendline when a different set of data is used.[/QUOTE]</p><p><br /></p>
[QUOTE="EdThelorax, post: 3580951, member: 99854"]What I see is a rising wedge, shown in green. I chose the upper line based on the slope of the two highs of 2014 and 2016. I did not include the pre-2010 highs because I am focusing on on the uptrend part of the cycle. I did not include the very bottom from 2011 because it was a blow-off top in silver. The blue line is the old high from 2008. Yes Jeff, it is very arbitrary. The targets were derived from a Fibonacci retracement of the old high and low. If the GSR continues to rise, everything will have to be re-drawn. It has actually broken the upper trendline when a different set of data is used.[/QUOTE]
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TRYING TO "Play the GSR" -- HORRIBLE IDEA
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