Kumowizard
Long

Silver - Chance of a Pull back to 16,50-16,70

FX:XAGUSD   Silver/U.S. Dollar
158 1 6
Those who follow me on Twitter probably saw this idea published there before.

Weekly:
- Ichimoku setup is more bearish again, but in fact Price is still within the wide consolidation range. Bears can get comfort only below 15,60, while strategic and long term Bulls I think would step in only above 18,00.
- Heikin Ashi signal is bearish

Daily:
- Ichimoku setup is more neutral, but Price could not make a lower low in last three days, so if it holds above 15,90, it may develop a short term bullish trend
- Heikin Ashi signals slow down in bearish momentum and/or a possible reversal ahead, as today we have a long wicked doji candle. It will bedecided by the next candle and haDelta/SMA3, which should also move above zero line to set mkt towards further short term gains.

Based on the daily Price action itself, I think a pull back to 16,50-16,70 is possible.

I opened some long at 16,00, with stop 15,85.
Position stopped.
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