RK_Charts

Silver Futures (CFD)

Long
TVC:SILVER   CFDs on Silver (US$ / OZ)
Silver closed above 40 ema in daily time frame in trading session of day before yesterday, it automatically confirms that the silver has completed a complex correction recently, now there is a good chance that a major bottom is done.
Silver can possibly make a move towards north direction in the forthcoming trading sessions, as per price we can say towards $24.89 which is the high of wave X and coincidently it is also top of current rising channel .
on the way down, or in the worst scenario, the 20 day simple moving average and the lower end of the channel which around coincide around $22.62, will be the crucial support level to watch out for.


fib key levels for target and whole scenario
macd in weekly
macd in daily positive and uptick
rsi in weekly uptick
stochastic in weekly
stochastic in daily

Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!

Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing

Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!