Last week’s moderate uptrend has improved the look of the ‘reverse’ pattern given here earlier — so much so that it promises to be a money-maker for months to come. That implies that May Silver has a good chance of reaching the 29.00 target, but even if not, ‘mechanical’ trades from x, p or even p2 will benefit from the clarity of this picture. D=29.00 is now in play theoretically, but we’ll use p=26.37 as a minimum upside objective for now. If there is sufficient interest in the chat room, I’ll provide intraday guidance to squeeze off a low-risk trade intraday. Otherwise, Pivoteers are encouraged to dive in at will, using ‘reverse ABC set-ups and ‘mechanical’ triggers on the lesser charts to squash entry risk. _______ UPDATE (Apr 12, 8:32 p.m. ET): See my 13:28 post in the chat room, which in response to a question belatedly offered up this rABC set-up as the sort of opportunity we should look for to test the water with very tightly controlled entry risk.
SIK21 – May Silver (Last:24.81)
