Price could hang in there, but that big up spike is like an elastic band.
I like those analogies. I do think that the market develops in "natural" ways and such approaches are much more straight forward than some moving averages and other abstract theories. The pitchfork is a good example: when you draw it correctly, it gets in harmony with the chart and follows its movement "naturally".
@beeb: I think that the first challenge is to find the good fork, or to draw it correctly. The second challenge is the one I addressed with my question: to get an interpretation out of the fork. I think I got your point. There are several aspects to consider before taking a trade or not, and some areas in the chart can be more indicated as an exit point instead of an entry point. The interpretation of a fork is an art by itself, right?
Actually I just remembered one of the first lessons about forks: to enter long/short at the parallel lines and close the trades around the median line. Probably it's not a fixed rule, but it could be risky to enter long at the upper quartile if the upper parallel is a potential short-term resistance.
Nevertheless, it looks like $48 was a good entry point after all... at least for scalping (I don't mind... I won't trade silver anyway).
"The reason I was born and came into the world is to testify to the truth."
. Whatever I earn until tomorrow will be transformed into physical silver (probably it will be only one coin, whatever...)
Love this post! True! 
