When the silver price rises far away from the low price, refer to other technical indicators, such as the average price line system, K line, speed random indicators and so on. From the perspective of rising speed and persistence, and according to the golden section law, its rising range may change when it approaches or reaches or exceeds 0.382 and 0.6 18, that is, when it approaches or reaches or exceeds 38.2% or 6 1.8.
In addition to the fixed 0.382 and 0.6 18, the golden section also has half of the pressure point, 0.382, 0. 19 1, which is also an important basis. Therefore, when the rising market is unfolding, it is necessary to determine the ability of silver price to rise in advance and be ready to reverse the price at any time. When the price of silver has more than doubled, its back pressure points are 1. 19 1 .382, 1.6 18, 1.809 and 2; And so on. When the bull market ends and the short market opens, where is the "bottom" that investors are most concerned about? You can also use the golden section method to predict and calculate the support points, and prepare for the bargain-hunting.
In silver speculation, the golden section law can be used to discuss the high and low points of price changes, and the accuracy is quite high, so it is still used today.