Buyers gave up half of the gains they’d achieved in the early going, but not before they’d generated a fresh, bullish impulse leg that exceeded two ‘external’ peaks on the chart shown. This is promising price action, and it can be exploited by night owls if the futures pullback in the way I’ve sketched. The entry signal would be ‘counterintuitive’ and less risky in theory, the closer the eventual ‘C’ is to ‘A’. The risk:reward proposition is enhanced by a much bigger ABC rally pattern driving December Silver. It has commensurately higher targets noted here earlier that range as high as 23.745.
