The pattern shown has enough quirks that it should work precisely for bottom-fishing at D=28.185. That Hidden Pivot also makes a logical minimum downside target because of the downtrend’s decisive penetration of p=30.728 on the way down. That is why the chart is somewhat more bearish than the one I have presented in gold with a 2500.00 target. As exhilarating and encouraging as a silver rally to x=31.999 might seem at this time, it would actually trigger a ‘mechanical’ short with potential for tight risk management and good odds for success.
SIH25 – March Silver (Last:29.968)
