Hello Friends, Here we have shared possible Elliot wave counts of SILVER 4 hourly chart in which we can say possibly we are heading towards north direction as a fresh impulse wave, which can lead towards Bullish bias as now onwards. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like...
SIlver Market Structure May 2023 || Complete Price Action
pattern breakout confirm on daily basis now buy here target 31 silver comex new ath cup and handle also confirm this
stbt sold gvn 72500 now 71500 almost 1000 point in hand now more sustain blw 71400 thna selll on rise with sl 71800 soon 710060--70800 looks bear pattern occurred with gap dwn o [pen
Silver on weekly resistance comex chart , looks for retrace on forthcoming weeks
buy silver 71800 gvn now 72100 enjoyyy-- yes after breakout silver firedddd
silver stya abv 70800 buy tgt 71050-71300 expect sl 70355-- ys interday rally possible only sustain abv 70800
sorry for late update --silver blw 70222 dwn side 89840--710++ or 69444 strong support if blw thna more dwn or if hold abv mkt up sid eonly 70000-70500 again------- expect where hurdel 70790 abv will bull rally start 71500++++
Again shooting star seen at the resistance area on the chart of silver. So be cautious & alert. Any more negative candle above or below the resistance area lead to more fall in the share. This is for your learning only.
silver eys 69444 stya abv or close will see 71400-72000 expect yes sustain abv than mkt zoom expect or if hold blw 69444 thna mkt again dwn side possible 68500-67500++++++ over all 69444 have to watch no if and but
silver stya abv 63700 buy on dipsss sl 63300 tgt 64800+++ some dedcta bounc bcak expect due to dxy dwnnn
Silver is now ready to dip down and to unfold wave 5 of (C) and as per equality, Target of (C) equal to (A) is pegged at 19.963 and 1.618 is pegged at $ 18.350, which can be stop loss for fresh long positions to be made below $ 20. Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor...
Silver (XAGUSD) has formed a head and shoulders type rounding top on the 4h time frame. The price is still at the supply line. A breakdown below this line would be bearish for the commodity with measured move target of 21.75. Price action at 23.15 to 23.50 zone is critical and would decide the next course of action.
Silver Weekly time Frame it has not broken the trend so my downside target would to 200 EMA
As per Elliott Wave Analysis , Big upside rally can possible in SILVER . On daily timeframe, waves 1,2,3 & 4 are completed. Wave 2 retraced more than 61.8% of wave 1 & shows Irregular Correction. Wave 4 retraced 38.2% of Wave 3 & shows Complex Correction ( Triple Zigzag Correction). Wave 3 is extended wave. Now, regular targets of 5th wave shall be $25.16,...
On Weekly Basis: Silver completed its correction from USD 12 to 29 in its Grand Wave. There is a support at 23.35 and 22.15 on weekly charts. Grand Correction Wave A, B and C is over in Silver which started in August 2021. B Wave got over in Feb'22 and C Wave got over in August,22. One can be cautiously optimistic and it provides a good choice to buy at 23 or...
SILVER BUY trade Signal SILVER has broken the Resistance trendline and closed above waiting to retrace the support area if the market retest the support area then it will be a good opportunity for a long with very good risk-reward Always trade with Stop Loss