May Silver (last: 13.040)

subtle-unintutive-patternI like the 12.865 target shown in the chart for bottom-fishing, since the ABC coordinates are subtle and unintuitive. This one is for night owls, and the odds that it will work are going to improve if  the futures don’t wander above 13.070 Monday night. An initial stop loss as tight as 2-3 ticks is advised, but you should switch to a 3-cent trailing stop if the expected rally exceeds 13.085.  _______ UPDATE: The Hidden Pivot at 12.865 proved far too delicate for this morning’s uninhibited swoon, so anyone who took my advice would have been stopped out for at least a few ticks. The  rebound has been unimpressive and has yielded no further opportunities of consequence this morning.