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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: golfer72 who wrote (217114)10/4/2025 12:44:12 PM
From: GROUND ZERO™  Respond to of 220065
 
Here, try this chart, a 50 year chart, the entire cup and handle for silver is there...

The other silver chart is only a monthly chart of the most recent 20 years, so it looks like a topping action but all we can see on that chart is the handle only...

I made the same mistake earlier by not going back far enough...

The charts posted by our good friend #Breeze who posts magnificent charts all the time made me think again about the longer term outcome of these metals...

Message 35283603

GZ



To: golfer72 who wrote (217114)10/4/2025 9:14:35 PM
From: GROUND ZERO™1 Recommendation

Recommended By
toccodolce

  Read Replies (1) | Respond to of 220065
 
Actually, a cup and handle pattern is really two separate patterns that are joined together...

Before the handle is formed we have the cup alone, but at that point the handle isn't expected to form...

The cup alone wouldn't be called a cup, it's called a rounding bottom...

A rounding bottom is a rather bullish chart pattern on its own even without a handle...

So, when the handle is formed, we actually have a pull back from that initial rounding bottom which is then rejected for yet another move higher which then forms the handle...

This second move higher is when the the handle is formed...

All together, the cup and handle pattern is typically considered even more bullish than just a rounding bottom which is already considered bullish since the pull back from the initial rounding bottom is rejected for yet higher prices which then forms the handle...

So now, this current cup and handle pattern is genuinely bullish for silver and I would presume that gold would generally either follow or lead the way higher...

So, let's see how it develops from here...

GZ