SIU24 – Sep Silver (Last:28.01)

September Silver took a tentative bounce from the launcher last Thursday, but it will need to close above the pink line at 28.82 to be considered airborne. The reverse pattern shown is both compelling and obscure, so d=27.41 stood to work precisely. Is the reversal from 14 cents above that Hidden Pivot sufficiently precise to infer the downtrend is spent? Probably. But if the futures relapse this week, be ready to bottom-fish voodoo 27.05 with a trigger interval as tight as a dime. ______ UPDATE (Jul 29, 6:13 p.m.): The futures relapsed, all right, but only enough to get them even closer to my 27.41 target. Is the new low at 27.45 close enough?  The question is no longer worth pondering, but you should be long if you used the suggested trigger interval, with a partial profit from the 60-cent move that has occurred so far.