Silver on a 1-hour timeframe. The analysis highlights key market structures:
Downtrend Channel: Initially, the price was in a downward-sloping channel (green-highlighted area).
Breakout and Uptrend: The price broke out of the bearish channel, forming an uptrend.
Resistance and Support Levels:
The resistance trendline (black) acted as a price ceiling where sellers emerged.
The support level (blue) helped buyers regain control, leading to price continuation.
Current Setup:
The price is consolidating around the 34.1120 level after testing the 34.5000 mark.
A potential bullish breakout or retracement towards support could be expected.
This analysis is useful for traders looking to identify trend reversals, breakout opportunities, or support and resistance confirmations.
Note: This is not a trading signal, just my personal analysis based on current market trends.
Downtrend Channel: Initially, the price was in a downward-sloping channel (green-highlighted area).
Breakout and Uptrend: The price broke out of the bearish channel, forming an uptrend.
Resistance and Support Levels:
The resistance trendline (black) acted as a price ceiling where sellers emerged.
The support level (blue) helped buyers regain control, leading to price continuation.
Current Setup:
The price is consolidating around the 34.1120 level after testing the 34.5000 mark.
A potential bullish breakout or retracement towards support could be expected.
This analysis is useful for traders looking to identify trend reversals, breakout opportunities, or support and resistance confirmations.
Note: This is not a trading signal, just my personal analysis based on current market trends.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.