📉 SILVER – 1H TIMEFRAME - Inverted cup and handle pattern
Silver tested support around 112,800–113,000 after a rounded top formation, rejecting the key EMA zones (25 & 55) and the previous demand-turned-supply zone.
🟠 Scenario Unfolding:
Expecting a short-term bounce towards 113,750–114,200 (EMA cluster zone) — this could act as a dead cat bounce, offering an opportunity to re-enter shorts.
Confluence Factors:
• Rounded top structure
• EMA resistance
• Weak macro data (Durable Goods Orders down -9.3%)
• Risk-off sentiment supportive of range contraction
🔻 Primary Bias: Bearish Continuation
After the bounce:
• Short Entry Zone: 113,800–114,200
• Target: 111,250
• Risk:Reward ≈ 1:2
⚠️ Invalidation: Sustained close above 114,700 .
📌 Note: Watch price action closely near 114,000 – this is the decision point for the next leg.
#CrudeOil #naturalgas #MCXCrude #PowerOfCommodity #TriangleBreakout #TradingViewIndia #EnergyMarkets #TechnicalAnalysis
Comment below if you think it Will retest then fall?
Silver tested support around 112,800–113,000 after a rounded top formation, rejecting the key EMA zones (25 & 55) and the previous demand-turned-supply zone.
🟠 Scenario Unfolding:
Expecting a short-term bounce towards 113,750–114,200 (EMA cluster zone) — this could act as a dead cat bounce, offering an opportunity to re-enter shorts.
Confluence Factors:
• Rounded top structure
• EMA resistance
• Weak macro data (Durable Goods Orders down -9.3%)
• Risk-off sentiment supportive of range contraction
🔻 Primary Bias: Bearish Continuation
After the bounce:
• Short Entry Zone: 113,800–114,200
• Target: 111,250
• Risk:Reward ≈ 1:2
⚠️ Invalidation: Sustained close above 114,700 .
📌 Note: Watch price action closely near 114,000 – this is the decision point for the next leg.
#CrudeOil #naturalgas #MCXCrude #PowerOfCommodity #TriangleBreakout #TradingViewIndia #EnergyMarkets #TechnicalAnalysis
Comment below if you think it Will retest then fall?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.