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naveen_kumar_PS
Jul 19, 2023 5:44 PM

consolidated wedge happening across commodities 

Silver Mini FuturesMCX

Description

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
Comments
rajguruvishal
Nice observation
naveen_kumar_PS
@rajguruvishal thanks for your support. much appreciated
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