📉 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?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.