Bearish Harmonic in Play – 
SILVER1! Sell Zone Triggered 🔔
The pattern marked from X → A → B → C → D forms a Bearish Harmonic Structure, most likely a Bearish Butterfly, confirmed by key Fibonacci ratios:
* XA to AB retracement: 78.8%
* BC to CD extension: 1.543
This setup signals the formation of a Potential Reversal Zone (PRZ) near point D, where a bearish trend may initiate.
📉 Bearish Price Outlook
The dotted projection lines and red arrow illustrate the anticipated downward move:
* Price is likely to face resistance and reverse from the PRZ between ₹108,771 and ₹109,850
* A break below ₹106,899 could trigger further decline toward key support levels at ₹103,904 and ₹98,810
SILVER1! Sell Zone Triggered 🔔The pattern marked from X → A → B → C → D forms a Bearish Harmonic Structure, most likely a Bearish Butterfly, confirmed by key Fibonacci ratios:
* XA to AB retracement: 78.8%
* BC to CD extension: 1.543
This setup signals the formation of a Potential Reversal Zone (PRZ) near point D, where a bearish trend may initiate.
📉 Bearish Price Outlook
The dotted projection lines and red arrow illustrate the anticipated downward move:
* Price is likely to face resistance and reverse from the PRZ between ₹108,771 and ₹109,850
* A break below ₹106,899 could trigger further decline toward key support levels at ₹103,904 and ₹98,810
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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.
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.