The bullish impulse leg created by tonight’s rally is somewhat more powerful than the corresponding one in gold, since it surpassed a more ambitious external peak without a pullback. Even so, for purposes of finding an entry spot, we should play it conservatively, using the so-far stubby A-B leg (see inset) to generate an entry signal, a p resistance and D target. As I’ve suggested in gold, your actual entry should be made on a chart of 5-minute degree or less. I’ve sketched a hypothetical opportunity that conforms with this suggestion for your further guidance.
