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freestocktips
Oct 14, 2020 12:17 PM

MCX Silver's Next Target 65200 by the Elliott Wave Long

Silver FuturesMCX

Description

Here, I have applied Elliott wave, moving average, volume, and MACD. Wave 4 can be steady or sideways for a while. Overall, silver is in an uptrend. Safe investors can buy silver at wave 4 for the following levels:

Intraday Targets: 62100 - 63300
Positional Targets: 64260 - 65200

At present, moving average and MACD throwing upward signal by crossover. Technically, multiple volume spikes are a great sign of a bullish trend.

Trade closed: target reached

The first target of 62100 has reached.

Comment

All intraday targets touched.
Comments
nsmoorthys
5th wave length only feb range .32 to .61
dotdotbot
sir mam jo bhi ho..yahape elliot wave kaha baan raha hai...wave 1 and 2 ke baad wave 3 ke beech mai itna bada gap..gap toh chalta hai. but beech mai jo wave bana uska kya...
freestocktips
@wadudanon, Please note Wave 3 should be the longest wave, and W3 can NEVER be the shortest impulse wave.
dotdotbot
@freestocktips i know mam....but there are other rules and regulations too.......plz go through those also....give proper knowledge....this graph cant be a elliot wave graph..i m sure.....beause of the waves
nsmoorthys
ok..but usa election come some down will come some experts say
rohankirtiraj
Which moving averages have you used?
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