silver short on hourly candles for approximately 1-2 daysafter impulsive 5 waves
the ongoing sideways formation is abc formation
the wave a of the same has been completed.
the wave b consisting of elliott triangle is marked by a-b-c-d-e
the current downside is the wave c and this should minimum reach the levels of wave A ,
ideally it is beyond that . ( we will review the TAKE PROFIT levels later .
GO SHORT ON this ...
I AM LONG in current future contract and short on next future contract.
OVERALL I am bullish on silver this is just short term trade ....
8charts
LONG TRADE eurusd of HOURLY candleshere the first impulse has been sighted ,
then the abc correction in the reverse direction.
the corrective channel has been broken on the upside . the channel breakout has been retested
now the setup is being prepared for the third wave target price beyond 1.09000 levels
Invalidation level is for stoploss ( although traders may hold the trade they will benefit as per my view )
happy trading
long trade return expectation 4.5% stoploss 0.5%after a fresh impulse wave (i) the market
went into the consolidation cum correction via wxy wave structure .
Now fresh impulse is being generated (with a pin bar on 4H CANDLE )
invalidation levels marked for traders , for investors there is no need of stoploss ..
best wishes ..
downside in cummins indiaAs per the chart it seems to be at the sub-wave e of abcde trainge for wave ( iv) .
wave e should end below the trendline connecting wave a ==> wave c .
invalidation :- if the price breaks the trendline between wave a and wave c then the view becomes invalid
accumulate at the end of wave (v) . near levels 830 840 850 rs
silver a fight between bulls and bears ... a fught between bulls and bears over the upper trendline of the downfall
my personal view since 4 years is that silver has to reach 1 00 000 rs per kilogram ...
the outcome for this fight might be anything as of now , but it is surely hitting the skies ....
Currently the downtrend is being tested and prices are sustaining around the trendline ...
I guess this month of June 2021 might be choppy and sideways in nature ....
will keep updated ..
Our premium traders are given trades no matter what the condition is .
RAYMOND accumulate / watchout here as we can see after the motive waves 12345 , we are into abc correction
out of abc , wave a has been identified , and now wave a shall be retraced by wave b ,
keeping it very minimal to 50% retracements .. also the price action suggests that 350 levels
are a short term rejection levels as well ..
I am bullish on raymond on a yearly perspective and have been trading
each of the major waves ...
so this is a pure delivery buy trade
hope you harvest profits here ..
go for it ...
This is one of our premium services scrip , where we trade each and every wave
cut the cost of our inventory and get it ready for the final rally ..
Cipla sell on rise or without riseCipla is in the completion of the 5th wave ( e wave ) of the greater degree wave C .
wave e always has five waves within .
Stoploss is marked in the chart,
play this by Options or by futures ...
My strong conviction for this trade
Posting here to have a demonstration of how we take trades based on Elliott wave principles.
For paid works your discussions and enquiries are welcomed .
JAI HIND