Yesterday we came within .14 of the all important bottom rail of our triangle that has yet to tell us what kind of pattern it is yet. This mornings bounce came at the right time and place to keep the triangle reversal pattern , to the upside, in play. So the chopping continues within the boundaries of the triangle. By hitting the bottom rail yesterday the triangle was completed as we now have 4 confirmed reversal points. The big question remains, is this triangle a consolidation pattern or a reversal pattern to the upside. Stay tuned.

SLV daily look.