Silver - Still in trouble with downside potential:
The 3EMA, 10EMA, 20DMA ribbon has made a bearish crossover, and intra-day price is finding resistance at the 10EMA, a bearish indication.
The Purple trend-lines above are forming a parabolic arch to the downside, this is how water falls are built. PoS must recover above those trend-lines to avert a potential dump into the 34 to 36 level. Current ST action is uncommitted to the upside or downside as it 'straddles' the neckline (orange trend-line).
Crude - A rising wedge (orange) has bearish potential while below the green trend-line:
A potential 3rd of a 3rd count could see a sharp move down to the $60 level once the bearish rising wedge breaks down. However, moving above the wedge and green trend-line would likely ignite a short cover rally back up to $100+ (blue projection).
Eur/USD - Current price action is working inside a bear flag (orange channel) beneath the green trend-line:
The EW count is still bearish with a 5th wave down as a minimum. 5th wave behavior should be slow and choppy to the downside. A 3rd of a 3rd point of recognition is also possible, the attitude of that wave structure should be strong and sharp, a swift move that would likely have little trouble reaching 1.2500 or lower.
Good Hunting Folks!
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