Expected to Breakout soon. Tgt mentioned on chart.
Bullish Butterfly In Silver Buy PRZ - 72638-72617 ( Activated ) SL - 72300 ( 15 mins candle close ) Target - 73450/73700/74000
XAG/USD Is approaching a very strong pivot level. This level has been tested several times in the past and as we can see on the chart it has been acting as support and resistance both. With the silver having a very sharp fall it is very likely that this level will act as a support, and there can be mean reversion after the extended fall that we have seen in the commodity.
Silver important short term levels are plotted in the chart. currently silver is trading in the major support zone after a sharp fall in todays session. It is expected that it may bounce back and probable targets on upside are marked in red dashed line. in case silver manages to close below the support zone, allow 15 minute candle to close it below the level...
Silver actionable demand and supply zones are marked in the chart above. Generally price may reject from supply zone and price may bounce back from demand zones. In case price breaks out or breaks down the zones then we may see the strong price momentum on either side. Do your research before placing any trade.
Short silver if manages to close below support region. target or next immediate support of silver is marked in the chart.
Double top formation in silver can be seen in the chart. Short silver below the marked region for the target mentioned. Take entry once 15 minute candle is closed below the region and keep trailing your stoploss according to your risk appetite.
The silver price is getting squeezed in a triangle according to 15 minute time frame. Take entry once triangle is broken on either side for above mentioned targets. Let the 15 minute candle to close for the confirmation of trade.
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 Weekly time Frame it has not broken the trend so my downside target would to 200 EMA
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
On Weekly Basis: Silver completed its 50% correction from USD 26 to 18. There are several resistance pivots at 22.15 on weekly charts. Wave A, B, C and D is over in Silver and Wave E should resume anytime now. Short sell is a good choice at 22 level with a target of 14 which becomes a strong buy from long term point of view. 200 DMA is also at 21.45 where price...
bearish outlook hourly- strong sell (target- 56730/56045/55675) daily/weekly- sell(swing short) bullish outlook immediate resistance/targets -58650/59550/60880 as per current market trend prices should test the lows
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 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...
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
After sideways correction, Recently Silver started new impulse move, and now setup suggests that probably wave a-b-c decline in wave ii is complete, Silver retraced nearly 61.8% of the recent rise, also retested its triangular breakout point and recovered sharply. Once it gives positive close above 0-B trendline (purple resistance trendline) then it confirms that...
Description : Silver is forming a beautiful triangle as lower supports are getting tested whereas upper resistance levels are getting lower as you can see with trendline zone. Support Area : Break of Support at 21-22$ downside will lead to immediate support at 19$. Although Support are has been tested several time it breaks might see free fall. Resistance...