$SI: Watch That IHS Long Setup

#silver #long setup #Inverse Head and Shoulders

Bulls need to push silver over 32.90 (the neckline), to trigger a very bullish Inverse Head and Shoulders pattern:

Silver 8 hour chart

BEARISH SCENARIO:

I would not buy silver until bulls manage to push it over the neckline 32,90 because there is a decent bearish wave count:

Silver 240 min chart

Under the bearish wave count, bears should be able to push silver down to 28.00 to complete the second leg down in a wave (c) of B of 3 up.

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