Bearish Harmonic in Play – Silver Sell Zone TriggeredBearish Harmonic in Play – MCX:SILVER1! Sell Zone Triggered 🔔
The pattern marked from X → A → B → C → D forms a Bearish Harmonic Structure , most likely a Bearish Butterfly , confirmed by key Fibonacci ratios:
* XA to AB retracement: 78.8%
* BC to CD extension: 1.543
This setup signal
Silver Mini Futures
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Related commodities
SILVERM1! - At the ResistanceCMP: 112800
TF: Weekly
Price is hitting the resistance on weekly chart, and the breakout from here might be a challenging task for the bulls. Let's see how this week progresses
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educationa
Silver 113k target done 115k and 116500 next target How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 2
Silver updated levels if break High then 2-3% upmove next week How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 2
Silver sell on rise until 109k not break making bearish M paternHow My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 2
Silver mcx updated levels buy on dip at support avoid sell tradeHow My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 2
Silver yesterday sold at 114450 today booked at 111200 avoid buyHow My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 2
$MCX:SILVERM1! – 13-Year Highs | Holding LongMCX:SILVERM1! just broke above a 13-year resistance, marking a major technical milestone.
We are holding our long position as price shows strong momentum and trend continuation potential.
📊 Highlights:
All-time breakout after more than a decade
Strong trend structure on higher timeframes
Momen
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Sorry, this is only available to registered users
MCX provides data to our registered users only, so to get it you'll need to sign up for a TradingView account.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Silver Mini Futures this number is 38.15 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Silver Mini Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Silver Mini Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Silver Mini Futures technicals for a more comprehensive analysis.