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
The the move down is not very clear as impulse in the early part, it is looking more so. Silver now looks like its all set to head to go below Sep Lows
sell silver at 62324 stop loss at 62550 target 31350 / 60458
Buy silver 63600 tgt 64000/64200 sl 63200 wait for breakout
Silver spurt up in Wave C to complete Wave Y as indicated few hours back. This now seems to have reached the minimum corrective move. If the correction is complete, then we should head down in a large move making new lows. For now a move below 24.20 , the wave B low should confirm the down move has started. An earlier entry may be possible, will see how this...
Silver has been moving sideways for few days and this recent move looks like a Wave B which should now resolve with a Wac c to complete the larger Y. The larger trend remains down so this will help us get better prices to go short
Silver's recent upward to sideways can be counted as an incomplete WXY Flat. Subdivisions of Wave Y is in its final stages. An upmove to the 24.60 -24.80 should complete the rally . The larger downtrend should then resume.
Short Silver Below 24.17 Target 23.87 Target 23.32
Silver seems to have completed its "Y" wave with the recent sharp move to the $26 / INR 66000 area. This also hit the top of the corrective channel and seems to have a full wave structure. Silver now seems headed to a new low, stop losses will be recent highs made last week $26.05 .
Midterm forecast: While the price is above the support 22.15, resumption of uptrend is expected. We make sure when the resistance at 26.20 breaks. If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI resistance #1 at 56 is broken, so the probability of resumption of uptrend is...
Silver (INR) completed its wave X at the INR 58450 low and seems to be making its way up within the corrective channel to complete Wave Y. It is most likely headed to INR 66000 area ($26 XAGUSD). A subsequent correction to new lows is due before a long term upmove. Risk level for stops also mentioned on the chart
Silver has hit the indicated target range rather soon. There should be some cooloff and reversal to the midpoint of the channel now
Buy Silver at cmp 64080 Strict sl - 63199 Target - 66000/67000 Its a high risky trade, please consult your financial advisor before entering any trade.
Entry 25.26 Stoploss 25.08 Target 26.08
The downside break in prices is a possible opening for the re-entry on the downside. Watch for the risk level to hold. If prices do not re-enter back into the channel in the coming few hours, the downmove should sustain
Midterm forecast: While the price is below the resistance 26.20, beginning of downtrend is expected. We make sure when the support at 19.65 breaks. If the resistance at 26.20 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of beginning of downtrend is...