Silver Next move
Instrument: Silver Futures (1H timeframe)
Pattern Identified: Harmonic Pattern (Combination of Bat & Crab patterns)
Trade Setup Details
Entry Zone: 95,932 – 95,935
Stoploss: 96,102 – 96,109
Target 1 (Bat Pattern Target): 95,047
Target 2 (Crab Pattern Holding Based Target): 94,194
Key Observations:
Pattern Breakdown:
The chart shows a harmonic pattern where price has reached a D point, indicating a potential reversal zone.
The price is currently at an entry zone near 95,932 – 95,935.
A stoploss is placed slightly above at 96,102 – 96,109 to manage risk.
If price follows the pattern structure, it could move downwards towards the harmonic targets at 95,047 and 94,194.
Recovery Plan Indicated:
If price moves upwards beyond the stop-loss zone, a potential recovery plan (bullish reversal) is suggested, targeting 97,507.
This analysis is for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves risk, and past performance is not indicative of future results.
Pattern Identified: Harmonic Pattern (Combination of Bat & Crab patterns)
Trade Setup Details
Entry Zone: 95,932 – 95,935
Stoploss: 96,102 – 96,109
Target 1 (Bat Pattern Target): 95,047
Target 2 (Crab Pattern Holding Based Target): 94,194
Key Observations:
Pattern Breakdown:
The chart shows a harmonic pattern where price has reached a D point, indicating a potential reversal zone.
The price is currently at an entry zone near 95,932 – 95,935.
A stoploss is placed slightly above at 96,102 – 96,109 to manage risk.
If price follows the pattern structure, it could move downwards towards the harmonic targets at 95,047 and 94,194.
Recovery Plan Indicated:
If price moves upwards beyond the stop-loss zone, a potential recovery plan (bullish reversal) is suggested, targeting 97,507.
This analysis is for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves risk, and past performance is not indicative of future results.
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.