naveen_kumar_PS

consolidated wedge happening across commodities

naveen_kumar_PS Updated   
MCX:SILVERM1!   Silver Mini Futures
Over the past few sessions we could see the kind of impact the consolidation patterns have on silver , gold and even in Natural gas to some extent . Now the same appears in the pattern again . Make sure to observe their behavior once there's a breakout / breakdown .
Comment:
Although incase of silver the trend shows some sort of exhaustion . A breakdown would trigger good profit booking . On the other hand a breakout could trigger an impulse move all the way to its All time High around 78,000
Trade closed: target reached:
Setup worked like a charm
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