Silver Wheaton has demonstrated once again that it will only be possible to buy the stock on weakness — as opposed to those times when it is rocketing higher — if we are following the action minute-by-minute on the very lesser charts. Yesterday’s escape from the doldrums came so suddenly that even the nimblest camouflage trader would have had difficulty catching the entry trigger of the pattern shown. What’s more, the clunky, multiple-bar point ‘C’ would have necessitated breaking a single-bar rule that we hold dear. Still, you should peruse this chart to see where the opportunities came from, the better to recognize them if they should resurface.
