YEMbat

SLV (1d) - Bear Butterfly Harmonic Pattern

Corto
AMEX:SLV   iShares Silver Trust
Price is pausing in the presence of this inside Bear Butterfly's PRZ. Expect a roll over to or near to target1 as a minimum Type1 reaction. If price has natural harmonic reaction to the .236 retrace and virtually immediately rebounds, expect at very least a retest of the high, but a test up to the HOP would be more likely; setting up a potential divergent top Type1.5 entry. Further grind to the upside beyond the HOP will setup a larger Bear Bat.
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