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 Micro 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 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
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
$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
See all ideas
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
The nearest expiration date for Silver Micro Futures is Jun 30, 2021.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Silver Micro Futures before Jun 30, 2021.