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Averoy_Apoorv_Analysis
Jun 25, 2022 3:28 AM

Silver Price action and RSI study  Long

Silver FuturesMCX

Description

Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area )

Learning Pointers

>> Pattern here is Descending triangle

>> Time frame here is Weekly

>> Candle position -> Mother bar : Inside bars on multiple weeks

>> Rsi telling about Divergence of price and relative strength ( Rsi making higher lows, meaning it is bullish )

>> Price making same lows

>> Price taking rest at 150dema, can combine itself with 200dema too in near future on W charts

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