SIK11 – May Silver (Last:35.850)

May Silver (SIK11) price chart with targetsThere are two corrective abc patterns in progress on the lesser charts (see inset), but sellers don’t seem to be having much success pushing the futures down to them. Their respective ‘d’ targets lie at 35.55 and 35.33, but I would risk no more than three ticks attempting to bottom-fish either.  Of the two, I would expect the higher to yield slightly better odds. The reason I am not enthused is due to the elongated flatness of the corrective patterns.  If you would prefer to board via camouflage, it looks as though there will be plenty of cover on charts of five-minute degree or less.