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Silver Wheaton Corp. Message Board

  • kazansky_98 kazansky_98 Feb 28, 2014 11:12 AM Flag

    Daily chart

    Looks like a pennant, no?

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    • Yes, a pennant , = EW 1 , 2 , I II of 3. An inside day = continuation pattern. Doji day = continuation pattern / indecision. Again a low volume day, but plus a penny. About the only thing I can see is a lower RSI on the Silver futures Daily , 55.11 vs 57.84 yesterday, If the EW count holds up III of 3 down Monday = possible gap or fast move down in price. Yes I'm biased down because of the EW count and the decreasing RSI. 23.13 / 23.57 / 22.82 - 22.64 about the same number set we have been looking at. Have a great weekend All.

20.12+0.13(+0.65%)Oct 21 4:02 PMEDT

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