INVERTED CUP AND HANDLE IN SILVER
Silver (XAGUSD) 4-Hour Chart Analysis
Pattern Formation: An Inverted Cup and Handle has formed, which is typically a bearish continuation pattern. This suggests a potential decline in prices if the pattern completes.
Breakdown confirmation: Price is currently below the critical level of 82,290. A break below this support can confirm the bearish signal and lead to further downside.
Expected Movement: Based on the pattern, anticipating a potential 400-800 points movement to the downside if the price sustains below this level.
Risk Management: Consider placing a stop-loss to manage risk.
Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
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Pattern Formation: An Inverted Cup and Handle has formed, which is typically a bearish continuation pattern. This suggests a potential decline in prices if the pattern completes.
Breakdown confirmation: Price is currently below the critical level of 82,290. A break below this support can confirm the bearish signal and lead to further downside.
Expected Movement: Based on the pattern, anticipating a potential 400-800 points movement to the downside if the price sustains below this level.
Risk Management: Consider placing a stop-loss to manage risk.
Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
IF THIS WILL HELP YOU PLEASE LIKE THE POST ❤️
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