SILVER WEEKLY UPDATE - Dead Cat Bounce Setup

📉 SILVER – 1H TIMEFRAME - Inverted cup and handle pattern

Silver tested support around 112,800–113,000 after a rounded top formation, rejecting the key EMA zones (25 & 55) and the previous demand-turned-supply zone.

🟠 Scenario Unfolding:
Expecting a short-term bounce towards 113,750–114,200 (EMA cluster zone) — this could act as a dead cat bounce, offering an opportunity to re-enter shorts.

Confluence Factors:
• Rounded top structure
• EMA resistance
• Weak macro data (Durable Goods Orders down -9.3%)
• Risk-off sentiment supportive of range contraction

🔻 Primary Bias: Bearish Continuation
After the bounce:
• Short Entry Zone: 113,800–114,200
• Target: 111,250
• Risk:Reward ≈ 1:2

⚠️ Invalidation: Sustained close above 114,700 .

📌 Note: Watch price action closely near 114,000 – this is the decision point for the next leg.


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Comment below if you think it Will retest then fall?