SIH17 – March Silver (Last:17.670)

Easy push by silverUse the rally pattern shown, with an 18.730 target, to set up trades over the next few days. The futures face a key hurdle at p=17.815, the midpoint pivot, but if they demolish it today or tomorrow — or better yet, close above it for two consecutive days — the target at 18.730 would become an odds-on bet.  Either of the two Hidden Pivot levels shown — the green line or the red — can be used to set up ‘mechanical’ or ‘counterintuitive’ entries, but if you want to limit risk very tightly I’d suggest ‘camouflage’ set-ups on the 5-minute chart or less. If you’re unfamiliar with the tactic,  stay close to the chat room, since there are nearly always be silver traders in the room who know what they’re doing. Also, if an easy opportunity takes shape, I’ll post it to The Scoreboard in timely fashion. _______ UPDATE (Feb 7, 7:42 p.m. EST): Bulls took another close look at p=17.815 but couldn’t hurdle it. It is mildly bullish that the retracement so far has been shallow.