A bearish rising wedge pattern breakdown is seen at double top in Silver Mini.
Multiple breakdowns of important support levels indicate a bearish movement in Silver Mini.
Silver Mini Prices have reversed exactly from the multi month double top horizontal line resistance, rising DMA breakdown, and brearish rising pattern and wedge both breakdown, MACD also showing negative crossover with histogram below zero line, and RSI is also showing contiuous negative divergence in the daily time frame. Future data also showed a short build up along with open and high being the same. All these parameters indicate a downward trend. it can fall to 66000-65000. Stop loss 69760-69800, holding duration 2-3 trading sessions only.
Multiple breakdowns of important support levels indicate a bearish movement in Silver Mini.
Silver Mini Prices have reversed exactly from the multi month double top horizontal line resistance, rising DMA breakdown, and brearish rising pattern and wedge both breakdown, MACD also showing negative crossover with histogram below zero line, and RSI is also showing contiuous negative divergence in the daily time frame. Future data also showed a short build up along with open and high being the same. All these parameters indicate a downward trend. it can fall to 66000-65000. Stop loss 69760-69800, holding duration 2-3 trading sessions only.
Rahul Pal (TradingView Moderator)
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Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
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Rahul Pal (TradingView Moderator)
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
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.