As per above Chart analysis possibility of ending wave 4 which was complex wave WXY, now it can continue it's uptrend in wave 5 which can extend till 0.786 fibo ratio.
MCX:SILVER1! set up says silver is bullish but we can see some resistances also, trade with small targets or trade with trailing stop loss. 📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments. Become an independent trader take charge of your own trades Learn . Apply . Grow **whatever charts or levels or...
Silver can go short in this supply area . Planning short trades will be better.
silver is sell on rise as there is no change in the fundamentals yet so break above the given resistance line is not seen in near future so we continue to drop in the downward channel also it depends on the behaviour of dollar index and cpi data of usa so upcoming Data can be used as a trigger for change in the fundamentals and can help silver to get above the...
Silver possible wave counts are still suggesting not to go long at these levels, this may correct more, be cautious. Possible Elliot wave counts on weekly time frame macd in weekly is negative Possible Elliot wave counts on daily time frame macd in daily Negative Possible Elliot wave counts on 4 hourly time frame macd in 4 hourly is still below zero...
As updated in the charts we still expect a little upside movement in silver for completing its 4th leg before moving towards its final showdown or the last leg (wave 5). It’s not the right time to trade anyways in silver . We still wait for a perfect entry . Thank you so much .
Silver has formed bearish flag in DTF and WTF. Safe traders can short below 60000 for swing position. Minimum target 58500
Silver had broken support trendline and closed yesterday below 20 day moving average, which is clear sign of bearishness ahead. After bounce from lower end of falling channel it got rejection at upper end of falling channel, also RK's Momentum turned in sell mode, all other trend indicators like macd, rsi etc. are also suggesting same bias, According to wave...
Silver Mini MCX On 15 Mins Time Fame Chart is Consolidating between Range 57800- 56500, Breakout is Awaited Either side of the Range, Till Then one Can Sell around Higher side or Range and Buy on The lower side of the Range. As the Major Trend is down Currently, If Silver Mini MCX Contact closes below 56500 We have see Further sell off
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As Per My Analysis On OANDA:XAGUSD If All thing Are happend as i wish i will enter and wait for my target
Silver Is Limited In Lower Range But Should Bounce From Those Lower Levels Expecting Silver To Touch $21.XX With a Strict SL Below $19.40 Can Go Buy Around $21.XX Levels Patience is The Key For Success
Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area ) Learning Pointers >> Pattern here is Descending triangle >> Time frame here is Weekly >> Candle position -> Mother bar : Inside bars on multiple weeks >> Rsi telling about Divergence of price and relative strength ( Rsi making higher...
Potential sell coming in Silver . TP 1 : 21.107 Trade 2 : 20.690 Big influencing factor : stronger Bond Yields and Powell's testimony . Stop loss : 21 .620
XAGUSD BUY Target : 21.94 Stop loss : 21.495 USD is weak with dropping US Bond Yields. Giving boost to Silver and other major commodities.
Silver long with strong support at $20.800 keep sl below support on daily closing basis immediate target will be $25 if this support
It seems morning push was just a trap... silver seems to be fading out morning run.
Silver is still in triangular correction on weekly time frame and now it has weekly closed below RK's stop loss line which is a sign for weak sentiments again also weekly macd is about to turn bearish again so we can assume that after completing wave a-b-c-d- now we are unfolding wave e in triangle pattern, which can be last decline before breakout towards north...