Midterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. A...
AS PER FIBONACCI ANALYSIS, SILVER CAN GIVE GOOD MOMENTUM IF SUSTAIN ON 68,000 LEVEL, HOLD IF SUSTAIN ON 68 BULL TGT 69,900 BEAR TGT65,700 GO SHORT IF BREAK BELOW 67,300 Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below EDUCATIONAL PURPOSE ONLY.
A full Curve formation possible in short period of time.
Symmetrical Triangle pattern after range bound move, may be breakout on upside is near...
silver:- cmp 64500 my target is 70000,76000..
Silver chart updated further to earlier view. In line with a downmove developing, risk lowered as shown on chart. XAGUSD contract SL now at 24.47.
Silver's recent upmove looks complete and the initial move down from 24.86 seems to be in 5 waves, indicating that the down move may have started. If the wave count is right, we are looking for the next downleg to make its path upto $18. At this level the 2nd ABC will be equal the 1st ABC from the Aug high. This is a normal target area. Risk level is the...
just an update that silver is at trend line plane according to it
Midterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
Midterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is...
Silver has moved sideways and looks like a quick pop to the upside is in order. Risk stop 63360 , target area is 65150
SILVER IF BREAKS THE TRENDLINE SUPPORT, CAN BE SHORTED FOR TARGETS OF 58416 AND 56098 RESP.
MCX:SILVER1! support at 60000 or sell if broken
Midterm forecast: While the price is above the support 22.15, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg...
The chart is noisy with a lot of subwaves labelled, but all of them confirm to Elliott guidelines. Watch this area to see how price reacts, and downmove from here can trend down strongly. SL should be the highs made in the last few/next few hours
Silver Mini Expected swing Buy at 61817 Stop loss 61700 Target 62760 Follow the swing strictly don't enter the trade before making new high . Wait and buy only after the new high is formed as per our swing Have any queries then PM me