silver in triangle breakout. Two possibilities. one is impulisve

Jun 1

Elliott Wave Analysis:-

1st possibility:-
Silver is in a triangle breakout. if it is getting towards upside breakout then we have a nice opportunity of pullback and and we can add it if the pullback occurs. else we can enjoy this journey quietly.

2nd possibility:-
Silver had already made a pullback towards down side breakout. Once it start the way it will fly towards downside and then it will complete a C wave in whole B wave then upside C wave will be impulsive.
This type 2 will be discussed in next chart. I will post it as seperately chart for clear understanding.


I am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.

Jun 1

Trade active

This is a shorterm view

Jun 3

Trade closed: target reached

2 target has been reached.

Around 5.4% return in 1 day.

We can wait and watch for the 3rd one. there will be a slight pullback.

Jun 12

Note

Reached 3rd target and also gave 12.5% profit in 8 days.

Jun 12

Note

I just enjoy the counting. A pure [B]Impulsive Wave Pattern[/B].