SIH12 – March Silver (Last:33.470)

March Silver (SIH12) price chart with targetsIn today’s gold tout, I mentioned the possibility of looking for camouflage near current levels to get long. To give you an idea about the subtlety of the patterns to look for, I have reproduced a 1-minute chart of March Silver. There’s not much to grab hold of here — but that’s the point: The subtler the entry signals we can find, the more likely the trades are to work.  In this case, however, as you can see, the trade did not work, since anyone who bought at X didn’t reach p for some obligatory partial profit-taking. Post-mortem note: When a bullish pattern this subtle and promising fails to deliver, take it as a sign that the futures may want to go lower, not higher. Whatever the case, on this particular evening, the futures are acting particularly squirrelly.  Want to learn how to find these entry spots yourself?  Click here for information about the upcoming Hidden Pivot Webinar.