Disruption: Bullish Counter-Analysis
1. Trend Structure:
Despite the local rejection, the overall price trend has been bullish (higher highs and higher lows).
The pullback may just be a healthy retracement, not a reversal.
2. Volume Perspective:
Volume has increased on bullish candles before the resistance test — showing buyer interest.
No significant bearish volume spike to confirm a strong reversal.
3. False Breakdown Trap:
The setup might be a bear trap — a false break below minor support to trap shorts before a bounce higher.
4. Support Holds Strong:
The identified "Support" zone could act as a launch point for a bullish continuation.
If price forms a bullish engulfing or a pin bar in that area, it could invalidate the bearish thesis.
5. Macro Impact (FOMC/U.S. data nearby):
U.S. event (flag at bottom) might bring volatility.
If news is USD-negative, Silver may spike upwards regardless of technical patterns.
1. Trend Structure:
Despite the local rejection, the overall price trend has been bullish (higher highs and higher lows).
The pullback may just be a healthy retracement, not a reversal.
2. Volume Perspective:
Volume has increased on bullish candles before the resistance test — showing buyer interest.
No significant bearish volume spike to confirm a strong reversal.
3. False Breakdown Trap:
The setup might be a bear trap — a false break below minor support to trap shorts before a bounce higher.
4. Support Holds Strong:
The identified "Support" zone could act as a launch point for a bullish continuation.
If price forms a bullish engulfing or a pin bar in that area, it could invalidate the bearish thesis.
5. Macro Impact (FOMC/U.S. data nearby):
U.S. event (flag at bottom) might bring volatility.
If news is USD-negative, Silver may spike upwards regardless of technical patterns.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.