Looking at the weekly + daily structure, I assume we'll see more selling in coming weeks towards 18 support, or maybe even lower.
- is with supports at 18 and 17,37. Below 17,37 the long term structure would deteriorate a lot.
- Heikin-Ashi gives a sell signal and a warning for possibly more selling! We have a red candle to start this week with, haDelta crosses below SMA3 and the cross takes place below zero line. haOscillator is stuck below zero.
- is counter .
- Price dipped back into thick Kumo cloud. This makes setup neutral, but looking at forward Kumo, we also have a Snekou cross warning!
- Heikin-Ashi shows high momentum, agressive selling in Silver . 18,50 is very important leve to hold. haDelta and haOscillator are down.
- EWO down to zero.
There is high probability of more selling. What is also very likely, that in Silver (and I think in all metals in general) will increase further.