Silver and Elliott Wave in a bull Market

MCX:SILVER1!   Silver Futures
Om Namah Shivay

Brothers, Trying Elliott wave on Silver to find the market structure based on EW.
The structure is too early to confirm.

But a good learning and practice to make the future market structure before time. The structure of market always change and the prediction should be with time.

Starting counting directly from the top formation. Not considering the other structures from the bottom up.

Silver can be in a Triangle. To put a triangle on a bull market we have four options.
1. Ascending
2. Descending
3. Contracting
4. Expanding

And here if we try to fit, the expanding triangle is the option. But it is too early to confirm. There is no Fib. measurement done to calculate the future levels properly. But the structure can be as in picture.

This is a learning. There is no recommendation for trading.

Om Namah Shivay


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