Silver Micro (MCX) is showing increasing bearish pressure on the daily timeframe following a strong Bearish TK Cross below the Kumo.
Price has now decisively moved below the cloud, while the future Kumo is turning thicker and bearish, indicating continuation pressure. The recent rejection near the Kijun highlights supply dominance, with price now forming a sequence of lower highs and lower lows.
Key Observations:
Key Levels to Watch:
Outlook:
As long as price remains below the Kumo and Kijun, rallies are likely to be sold into.
A sustained move below recent swing lows could accelerate downside momentum.
A reclaim above the invalidation level would weaken the bearish bias.
Price has now decisively moved below the cloud, while the future Kumo is turning thicker and bearish, indicating continuation pressure. The recent rejection near the Kijun highlights supply dominance, with price now forming a sequence of lower highs and lower lows.
Key Observations:
- Bearish TK Cross below Kumo → strong trend signal
- Price trading below cloud → bearish regime active
- Future Kumo thickening → trend persistence likely
- Chikou Span has cleared price but still approaching Kumo resistance
Key Levels to Watch:
- Invalidation: 261,614
- Downside References: 206,712, 192,987 & 179,262
Outlook:
As long as price remains below the Kumo and Kijun, rallies are likely to be sold into.
A sustained move below recent swing lows could accelerate downside momentum.
A reclaim above the invalidation level would weaken the bearish bias.
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.