This 1-hour chart of Silver (XAG/USD) presents a clean and compelling bullish setup, applying Mirror Market Concepts (MMC) in combination with classical price action, support/resistance flips, and trendline analysis. It outlines a likely bullish continuation scenario based on how price respects key structural levels.
🧩 1. Mirror Market Concepts (MMC) Overview
MMC views the market as a symmetrical organism, where past price behavior on one side of a pattern tends to be “mirrored” on the other side. Here, we see the market reflecting previous structural behaviors through:
Symmetrical lows and highs
Balanced corrective structures
Repeatable retests of trendline support
This creates a roadmap for anticipating price reactions, especially around previously respected levels.
🔸 2. Trendline Support – Anchoring Bullish Momentum
The rising trendline is a major structural feature. It's been respected three times previously (highlighted with blue circles), providing strong bullish support.
Current price is once again approaching this trendline.
A bounce here would confirm continued higher-low structure.
If trendline is broken, it may invalidate the bullish setup — so this acts as the key decision point.
🔸 3. SR Interchange Zone (Support/Resistance Flip)
The chart marks a wide SR Interchange Zone, previously resistance, now turned into support. This flip is a critical area for accumulation and re-entry by institutional players.
Price bounced from this zone earlier.
The current structure suggests price may retest this zone again during a potential fakeout or liquidity grab.
This level is a magnet zone for stop-hunting before continuation.
🔸 4. “Type of Retesting” – MMC Style
This chart specifically labels a "Type of Retesting", which refers to a deeper liquidity sweep where:
Price breaks minor support to tap trendline or SR zone liquidity.
Then reclaims the structure and resumes the uptrend.
This is a mirror market behavior — where past retests serve as a template for future ones. Expectation is for the same type of bounce from the trendline/SR area as seen before.
🔸 5. Projected Path – Bullish Scenario
The expected flow includes:
Price dips back into the trendline + SR Interchange confluence.
Forms a higher low (marked with arrows).
Breaks minor resistance levels toward Major Resistance at $33.556.
This zone acts as the target — derived from the previous swing high and structural mirror projection.
The target zone aligns with a key Fibonacci and historical resistance level — giving extra weight to this forecast.
🔸 6. Volume and Confirmation (Trader Tip)
While volume is not shown on this chart, experienced traders would:
Watch for volume divergence or spikes near the SR zone.
Seek candle confirmation (like bullish engulfing, pin bars, or strong wicks) near the trendline/SR confluence before entering.
🎯 Trading Plan Summary:
Entry Zone: Near trendline + SR Interchange support zone.
Stop Loss: Below the SR zone or swing low.
First Target: Return to $33.20–33.30 range.
Main Target: $33.556 (marked target zone on chart).
Invalidation: Strong break and close below trendline + SR zone, with no bounce.
📘 Educational Notes (For Traders):
Trendline retests are best traded in confluence with horizontal levels.
SR flips provide high-confidence zones for reaction.
MMC adds a predictive edge by recognizing repeating behavior and structure across mirrored segments of the chart.
This setup rewards patience, especially during consolidation near major support.
⚠️ Risk Management Reminder:
Always manage risk properly. Even with high-probability setups like this, price may wick below or fake out. Wait for confirmation. Avoid over-leveraging or premature entries.
🧩 1. Mirror Market Concepts (MMC) Overview
MMC views the market as a symmetrical organism, where past price behavior on one side of a pattern tends to be “mirrored” on the other side. Here, we see the market reflecting previous structural behaviors through:
Symmetrical lows and highs
Balanced corrective structures
Repeatable retests of trendline support
This creates a roadmap for anticipating price reactions, especially around previously respected levels.
🔸 2. Trendline Support – Anchoring Bullish Momentum
The rising trendline is a major structural feature. It's been respected three times previously (highlighted with blue circles), providing strong bullish support.
Current price is once again approaching this trendline.
A bounce here would confirm continued higher-low structure.
If trendline is broken, it may invalidate the bullish setup — so this acts as the key decision point.
🔸 3. SR Interchange Zone (Support/Resistance Flip)
The chart marks a wide SR Interchange Zone, previously resistance, now turned into support. This flip is a critical area for accumulation and re-entry by institutional players.
Price bounced from this zone earlier.
The current structure suggests price may retest this zone again during a potential fakeout or liquidity grab.
This level is a magnet zone for stop-hunting before continuation.
🔸 4. “Type of Retesting” – MMC Style
This chart specifically labels a "Type of Retesting", which refers to a deeper liquidity sweep where:
Price breaks minor support to tap trendline or SR zone liquidity.
Then reclaims the structure and resumes the uptrend.
This is a mirror market behavior — where past retests serve as a template for future ones. Expectation is for the same type of bounce from the trendline/SR area as seen before.
🔸 5. Projected Path – Bullish Scenario
The expected flow includes:
Price dips back into the trendline + SR Interchange confluence.
Forms a higher low (marked with arrows).
Breaks minor resistance levels toward Major Resistance at $33.556.
This zone acts as the target — derived from the previous swing high and structural mirror projection.
The target zone aligns with a key Fibonacci and historical resistance level — giving extra weight to this forecast.
🔸 6. Volume and Confirmation (Trader Tip)
While volume is not shown on this chart, experienced traders would:
Watch for volume divergence or spikes near the SR zone.
Seek candle confirmation (like bullish engulfing, pin bars, or strong wicks) near the trendline/SR confluence before entering.
🎯 Trading Plan Summary:
Entry Zone: Near trendline + SR Interchange support zone.
Stop Loss: Below the SR zone or swing low.
First Target: Return to $33.20–33.30 range.
Main Target: $33.556 (marked target zone on chart).
Invalidation: Strong break and close below trendline + SR zone, with no bounce.
📘 Educational Notes (For Traders):
Trendline retests are best traded in confluence with horizontal levels.
SR flips provide high-confidence zones for reaction.
MMC adds a predictive edge by recognizing repeating behavior and structure across mirrored segments of the chart.
This setup rewards patience, especially during consolidation near major support.
⚠️ Risk Management Reminder:
Always manage risk properly. Even with high-probability setups like this, price may wick below or fake out. Wait for confirmation. Avoid over-leveraging or premature entries.
For Daily Trade Setups and Forecast: 📈 t.me/xauusdoptimizer
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Related publications
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.
For Daily Trade Setups and Forecast: 📈 t.me/xauusdoptimizer
Premium Signals Fr33: 💯 t.me/xauusdoptimizer
🥰🥳🤩
Premium Signals Fr33: 💯 t.me/xauusdoptimizer
🥰🥳🤩
Related publications
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.