The reverse pattern shown, with a 35.425 rally target, is as gnarly as they come, but May Silver’s forceful move through p=31.485 justified stretching for the highest target possible. Recall that in even in lousy patterns, price action at p is still usually a reliable indicator of trend strength. Please note that using the more obvious ‘a’ low at 29.405 yields a ‘d’ target at 33.635, so be alert to a possible stall or even a shortt-term top there.
SIK25 – May Silver (Last:32.470)
