Entries by Peter Brandt

Live Cattle charts confirm a major top

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A major top has been confirmed on the Live Cattle price graphs, projecting significantly lower prices.

The weekly continuation graph completed a 14-month H&S top on Aug 21. The general target of this top is sub-120.
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The bearish case in Silver is back on the table

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Seven month symmetrical triangle has been confirmed

Decline on August 25 triggerd an 8-week H&S failure

In recent weeks I have presented to members of the Factor Service the possibility that  why The Silver chart is a textbook example of the veracity of classical charting principles. Some of the features on the weekly graph include:

  • The blow-off top in April 2011 accompanied by record blow-of volume
  • The rising wedge retest of the top completed in September 2011
  • The continuation H&S pattern completed in April 2013
  • The descending triangle completed in September 2014
  • The symmetrical triangle completed in June 2015

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