Pay no attention to the dotted price bars or the masked ABC coordinates, since my purpose was to obfuscate the textbook appeal of this bullish pattern. For in fact, December Silver triggered an enticing ‘buy’ signal last week at 62.66 (stop 55.59). This goes against the grain of my bearish analysis for gold (see above), but the wholesome appeal of the aforementioned signal was too strong to ignore. For the signal to be valid, the futures will need to rally to at least the red line, a midpoint hidden Pivot at 69.73. Belated entry should be attempted only by traders who know how to craft a risk-averse ‘camo’ trigger with the smallest visually available rABC possible. Obviously, a bullish outcome would put the optimistic scenario in play that I sketched in the latest gold tout.
$SIZ26 – December Silver (Last:60.41)