Silver Futures (SI1!) | H4 Rising into Pullback Resistance
Silver Futures (SI1!) | H4 Rising into Pullback Resistance
Type:
Bearish Reversal
Key Levels:
Resistance: 29.735
Pivot: 29.160
Support: 27.845
Preferred Case:
Looking at the H4 chart, my overall bias for Silver futures (SI1!) is bearish due to the price trading within the bearish Ichimoku Cloud. The price could make a reversal off the pivot and fall toward the 1st Support at 27.845.
Alternative Scenario:
Price may break above the pivot at 29.160 and rise towards the 1st Resistance level at 29.735.