MCX:SILVERM1!   Silver Mini Futures
A bearish rising wedge pattern breakdown is seen at double top in Silver Mini.
Multiple breakdowns of important support levels indicate a bearish movement in Silver Mini.

Silver Mini Prices have reversed exactly from the multi month double top horizontal line resistance, rising DMA breakdown, and brearish rising pattern and wedge both breakdown, MACD also showing negative crossover with histogram below zero line, and RSI is also showing contiuous negative divergence in the daily time frame. Future data also showed a short build up along with open and high being the same. All these parameters indicate a downward trend. it can fall to 66000-65000. Stop loss 69760-69800, holding duration 2-3 trading sessions only.

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Rahul Pal
(Full Time Trader & Investor)

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