XAGUSD – Head and Shoulders Pattern | Bearish Setup in Progress
Silver is forming a clear Head and Shoulders pattern, signaling potential bearish continuation after a recent retracement. The price is currently trading near the neckline zone, where we are waiting for a confirmed breakdown with a strong bearish candle to validate the move.
Market structure is showing signs of weakness, with lower highs forming and bearish momentum building. Volume is also rising during sell-offs, suggesting sellers are gaining control.
A confirmed candle close below the neckline zone would open the path for a continuation toward key support levels in line with the overall downtrend.
🎯 Technical Target Levels / Support Zones:
First Target: 46.124
Second Target: 44.984
Third Target: 43.863
As long as Silver stays below the neckline and keeps rejecting resistance, the bearish bias remains intact. A sustained move above 48.900 would invalidate this setup.
🚨 This is not financial advice. Always use proper risk management and follow your trading plan.
💬 Like, comment & follow for more Smart Money and Price Action-based trade ideas. 💎
Market structure is showing signs of weakness, with lower highs forming and bearish momentum building. Volume is also rising during sell-offs, suggesting sellers are gaining control.
A confirmed candle close below the neckline zone would open the path for a continuation toward key support levels in line with the overall downtrend.
🎯 Technical Target Levels / Support Zones:
First Target: 46.124
Second Target: 44.984
Third Target: 43.863
As long as Silver stays below the neckline and keeps rejecting resistance, the bearish bias remains intact. A sustained move above 48.900 would invalidate this setup.
🚨 This is not financial advice. Always use proper risk management and follow your trading plan.
💬 Like, comment & follow for more Smart Money and Price Action-based trade ideas. 💎
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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.
📊 Join my Free Telegram Channel for daily Forex & Gold signals! 💥
Get 85%+ accuracy, real-time updates, and consistent profits.
Start trading smart — join now 👉 t.me/JosProTrader
Get 85%+ accuracy, real-time updates, and consistent profits.
Start trading smart — join now 👉 t.me/JosProTrader
Penerbitan berkaitan
Penafian
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.