SIU11 – September Silver (Last:35.850)

September Silver (SIU11) price chart with targetsClose scrutiny of September Silver’s rally on the 240-minute chart suggests it’s a buy at 35.755 despite the gang’s-all-here rally earlier in the day.  That number is the ‘X’ entry point of the pattern shown, and although we typically avoid getting aboard when the entry trigger is as obvious as this one, the pattern in every other respects meets our criteria for a money-maker: three single-bar coordinates; a B-C- pullback whose shallowness matches the k-A segment; and the legitimacy of an A-B impulse leg that has exceeded the required two prior peaks.  The entry price lies just a single tick above tonight’s so far high, and if you decide to use it, you may need to be quick.  ____ UPDATE (2:24 a.m. EDT):  Unfortunately, it is not possible to trade and tout at the same time. In this case, Silver blasted past my entry point as I was clumsily typing out the tout.  Anyway, the 36.210 ‘p’ and 37.120 ‘D’ remain valid and are as yet unachieved — possible opportunities for the deft camouflageur.  This pattern is of the ‘What Are You Waiting For!? variety, a point of strong emphasis at recent Webinars. The idea is that if an ABCD formation has everything going for it rules-wise, you should simply trust your eyes and jump on the trade without giving it further thought. (Want to learn how to trade confidently and forecast with uncanny precision?  Consider taking the Hidden Pivot Webinar on August 10-11. For a $50 discount, click here.)