Silver FuturesShort
silver could fall 3-4% ??
Updated
The Gap up of 30th aug was not Bullish case in the price
gap just grabed all the pending liqduidity from old order block (from 20 and 27 july)
due to gap up price face hard selling liquidity and buyer liquidity made a stretch of (15 or more than !%) which created the imbalance
with all this conditions it is clear that price will be dropping lower to find more buyer liqudity
the red arrow highlighting the buyer liqudity lvls
for long entry only from 70600 - 70400 & main point of interest will be 70,000 - 69350
gap just grabed all the pending liqduidity from old order block (from 20 and 27 july)
due to gap up price face hard selling liquidity and buyer liquidity made a stretch of (15 or more than !%) which created the imbalance
with all this conditions it is clear that price will be dropping lower to find more buyer liqudity
the red arrow highlighting the buyer liqudity lvls
for long entry only from 70600 - 70400 & main point of interest will be 70,000 - 69350
Note
liqudity arrow levels = 72500, 72000, 71500this level will show fake bounce to trap buyer
Note
price been coming to our buying zone soonNote
price trading between 71420 and 72480 is the trap zone and volatile area avoid trading in these area and wait for the below demand zone of 70550 and 70240Trade closed manually
price reached our poi and obNote
silver likely to outperform other metals for the targets of 75000 to 77000Note
SILVER READY TO TOUCHDOWN 70K LEVELS
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.