📈 Silver Futures (MCX: SILVER1!) – Trend Structure & Pullback Observation
After the ATH Breakout, Silver Futures entered a strong upward channel supported by higher highs and higher lows.
The price recently touched the upper boundary of the rising channel and has now shown a sharp pullback, testing the current trendline support.
🔍 Key Observations:
ATH Breakout: Confirmed with strong volume and momentum.
Current Trend: Still intact as long as the price respects the green support line.
Price Action: The latest red candle indicates short-term profit booking or correction within the broader uptrend.
📚 Educational Insight:
Pullbacks after strong breakouts are natural in trending markets. They help reset momentum before a potential continuation move.
Traders often watch for confirmation signals near trendline support or consolidation zones to gauge whether the trend remains strong.
⚠️ This post is for educational purposes only. It is not financial advice or a recommendation to buy or sell any asset. Always conduct your own analysis or consult a financial advisor before making trading decisions.
After the ATH Breakout, Silver Futures entered a strong upward channel supported by higher highs and higher lows.
The price recently touched the upper boundary of the rising channel and has now shown a sharp pullback, testing the current trendline support.
🔍 Key Observations:
ATH Breakout: Confirmed with strong volume and momentum.
Current Trend: Still intact as long as the price respects the green support line.
Price Action: The latest red candle indicates short-term profit booking or correction within the broader uptrend.
📚 Educational Insight:
Pullbacks after strong breakouts are natural in trending markets. They help reset momentum before a potential continuation move.
Traders often watch for confirmation signals near trendline support or consolidation zones to gauge whether the trend remains strong.
⚠️ This post is for educational purposes only. It is not financial advice or a recommendation to buy or sell any asset. Always conduct your own analysis or consult a financial advisor before making trading decisions.
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.
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.