Monthly Chart of Dow Jones Industrial Average (DJI): Scenario - 1: (2003-2007) The uptrend which started from October-2002 met the resistance around the Fibonacci extension levels of 1.382%-1.5% as seen from the chart. Scenario - 2: (2009-2015) The uptrend which started from March-2009 met the resistance around the Fibonacci extension levels of 1.382%-1.5% as seen from the chart. Scenario - 3: (2020-current period) The uptrend which started from March-2020 might face resistance around the Fibonacci extension levels of 1.382%-1.5% as seen from the chart. Resistance levels lies around 33900-35200.
As seen from the chart, it seems Silver is doing what it has done from 2011 to 2013 period. The commodity is forming the similar type of triangle pattern and following the same Fibonacci retracement levels. For educational purpose. @jagrut
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