SIU23 – September Silver (Last:23.61)

I rarely display a chart with two patterns, but in this case, both have been working well enough to provide a handhold for trades in either direction. The 24.22 midpoint Hidden Pivot of the smaller, downtrending pattern caught a tradeable low on Friday almost precisely and would signal a ‘mechanical’ short if the futures were to touch x=24.85 (stop 25.48), as the new week begins. There’s $12,600 0f theoretical entry risk on four contracts, so this one is intended only for subscribers who have mastered ‘camo’ set-ups. _______ UPDATE (Aug 3, 7:05 a.m.): Only one subscriber mentioned having done the trade, so I did not establish a tracking position. The short from the green line is still ‘live’, however, and has produced a profit so far of $3150 for each contract covered at the red line. Typically, I advise covering half of any position there, or of implementing an ‘impulsive’ stop-loss if just a single contract is held.