If we study the historical data using the regular setting, we may miss this phenomenon: a price collapse right before a major uptrend. However, if we switch to logarithmic mode, this price behavior becomes clear.
Why use logarithmic mode when studying the historical behaviour?
Answer: This scale makes historical peaks and troughs easier to see because it plots price movements based on percentage changes rather than absolute dollar amounts.
I came across several videos claiming that precious metals usually fall before surging to new highs. However, none of them provided actual statistics to back up this claim. Therefore, I decided to analyze the historical data for gold and silver to see if this assertion is accurate.
See the video version:
100-Ounce Silver Futures
Code: SIC
Minimum fluctuation
0.01 index points = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
Why use logarithmic mode when studying the historical behaviour?
Answer: This scale makes historical peaks and troughs easier to see because it plots price movements based on percentage changes rather than absolute dollar amounts.
I came across several videos claiming that precious metals usually fall before surging to new highs. However, none of them provided actual statistics to back up this claim. Therefore, I decided to analyze the historical data for gold and silver to see if this assertion is accurate.
See the video version:
100-Ounce Silver Futures
Code: SIC
Minimum fluctuation
0.01 index points = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
konhow@weipedia.com
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.