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SI1! trade ideas

SILVER DECEMBER FUTUREA "Bullish Channel" and "Bullish Price Action" are related concepts in technical analysis that both indicate positive market sentiment and an upward trend. Here's an explanation of each: Bullish Channel : A Bullish Channel is a technical chart pattern that represents an upward price trend with clear boundaries or channel lines. It typically consists of two parallel trendlines, one acting as support and the other as resistance. Here's what characterizes a Bullish Channel: Support and Resistance : The lower trendline acts as support, and the upper trendline acts as resistance. The price tends to bounce between these two lines, creating a channel. Uptrend : A Bullish Channel forms within the context of an existing uptrend, indicating a period of consolidation or a pause in the upward movement. Continuation Pattern : It is considered a continuation pattern, meaning that it often suggests the prevailing bullish trend will continue after the channel pattern. Trading Strategy : Traders may look for buying opportunities when the price approaches the lower trendline (support) and selling opportunities when it approaches the upper trendline (resistance). Bullish Price Action: Bullish price action refers to a series of price movements and patterns on a price chart that indicate a positive or bullish market sentiment. It can be observed in various ways, such as higher highs, higher lows, bullish candlestick patterns, and other positive signals. Here are some key aspects of Bullish Price Action: Higher Highs and Higher Lows: In an uptrend, you typically see successive price highs that are higher than the previous highs, and price lows that are higher than the previous lows. Bullish Candlestick Patterns: Look for patterns like engulfing candles, hammers, or morning stars, which suggest buying interest. Positive Volume: Increasing trading volume during price rises can confirm bullish price action. Breakouts: Bullish breakouts from consolidation patterns or resistance levels often indicate an upcoming bullish move. Fundamental Factors : Positive news, strong earnings reports, and other fundamental factors can influence bullish price action. In summary, a Bullish Channel is a specific chart pattern that occurs within an existing uptrend and signifies a potential continuation of that trend. Bullish Price Action, on the other hand, is a broader concept that encompasses various signals and patterns that suggest a positive market sentiment, which may or may not be associated with a channel pattern. Both concepts are important for traders and investors in assessing market conditions and making informed decisions
MCX:SILVER1!Long
by CA_Anand_Navander
4
silver fresh level and exisiting pos updatethose who went long from 66k-68k in silver gained almost 2000-2200 pts i think it will be wise to book profit and wait for new level the fresh buying level for silver will be 68400 let the price make a pullback after such good impluse movement follow the price on the basis of lower low and lower high look when it reaches 68400 zone wait for price to form higher high higher low as a signal for going long the current ornage and yellow levels are based on fib levels retracement look to buy near fva zone
MCX:SILVER1!Long
by Jimmy_Rebello