How does one find the strongest, most promising setups? Well, my chart below for a high quality silver company can illustrate this. I will not explain the whole setup here on the website as it would become too technical I think. But study this setup as it is a picture perfect, textbook quality setup. In short, it has a large blue basing pattern that broke out and moved strongly with added support from many perfectly set up parameters.
As said, do not focus on what you do not yet understand with the chart below, focus on the overall message the chart is telling us, and that is that the circumstances were just right for a fantastic move out of that blue basing pattern.
The combination of technical analysis and cycles analysis is really a match made in heaven. While many are forced to just guessing if big moves have started, using cycles analysis together with traditional technical analysis often gives you the roadmap.