The Commodity is in a correction of a Bull Market with price trading below the 50 day , though the 50 is above the 200 and 800 day emas. The 50 day is currently down trending, though price is still channeling between down . Looks like a measured move is setting up for price to trade down to a consolidation equilibrium point down in the low 15’s over the next month. This would finish out a poly-wave of two simple flats connected with an x-wave .
The Commodity is in a Deep Correction of a Bull Market on the 4 hour, with the 50 below the 200 , yet both are still above the 800 . Price is in a consolidation/corrective pattern, and should trade between the 200 and 800 emas. Looking at the trading picture, I would look for price to open lower into next week, put in a consolidation pattern, before pushing lower to the 800 on the 4 hour, around 16.8.
This is my SILVER look ahead for my own trading purposes. trading involves risk. Feel free to comment, but trade off of this post at your own peril.