Will the Fibo 38,2 or the 61,8 be the object of desire?
These days, the RSI generatet a shortsignal in this timeframe.
Prices above 19,2$ are still bullish (shortterm)
Prices below 19,2$ will perhaps cause a dip to the 38,2 fibo @ 18,3$ This Level is corresponding to a former high in the beginnings of 2015 and near the top from 05/2016.
Prices below that minimal correction Level (38,2) will turn the bullish momentum into bearish - the next TPs could be the uptrendline @ 17.25$ or the holy fibo 61,8 @ 16,5$ - here is also based the EMA 200as a supportlevel.
Prices above 21,25$ seem to be strong bullish
Prices above 19,2$ are still bullish (shortterm)
Prices below 19,2$ will perhaps cause a dip to the 38,2 fibo @ 18,3$ This Level is corresponding to a former high in the beginnings of 2015 and near the top from 05/2016.
Prices below that minimal correction Level (38,2) will turn the bullish momentum into bearish - the next TPs could be the uptrendline @ 17.25$ or the holy fibo 61,8 @ 16,5$ - here is also based the EMA 200as a supportlevel.
Prices above 21,25$ seem to be strong bullish
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they bought the Support @ 19.2 ..Prices above 20.65 will accelerate the upwave - next tp 21.20$ .
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microstructure
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overview
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and here is the BO!!!
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Silver reached very important Action Point on a higher timeframe!
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YES!
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watch the RSI
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next upmove?
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no further upmove at this Moment....but is there a new doentrend born?
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have we seeen the top?
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H&S TP reached
