The Gap up of 30th aug was not Bullish case in the price
gap just grabed all the pending liqduidity from old order block (from 20 and 27 july)
due to gap up price face hard selling liquidity and buyer liquidity made a stretch of (15 or more than !%) which created the imbalance
with all this conditions it is clear that price will be dropping lower to find more...
Our Level and Gann Box Worked Perfectly and also the Date range for bottom. The reversal made exactly from there. We are Still Long with Trailing SL
:)
A boost for Support
Thanks
AS Gann Box and Fan Performed Perfectly Now, I am Expecting 10-14 Feb Silver Bottom.
Let See New Box Updated and Angles for Downward.
:)
A boost is a help and appreciation.
Our Level Drawn as per Gann Fann and Gann Box working perfectly like Magnet and We are minting Money easily. Keep Go with the trend and Enjoy
:)
A boost for thanks :)
Gann Box and Gan Fann working perfectly on Silver MCX futures. Now Equites are rising in values and Commodties Loosing in values Let See, How Silver os going to perform in near futre. Expecting price below 70k
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WE have seen a dip in silver in last session and now Silver rebound again .
Important level and verticle line indicating important pivot reversal point shown on the chart...on every dip there will be buying opportunity. Scalper can do scalping with 100 point
EDUCATIONAL
52-Week High 27.500
14 Day RSI at 80% 25.112
Pivot Point 3rd Level Resistance 24.219
23.890 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Level Resistance 23.719
23.642 61.8% Retracement from the 52 Week Low
Pivot Point 1st Resistance Point 23.379
High 23.220 High
1-Month High 23.220
13-Week High 23.220
Last 23.038s Last
14 Day RSI at...
SILVER MCX in the near term 70500 - 70600 are the resistance zone for silver mcx, it has possibly completed wave ii in three wave decline, and now possibly wave iii is unfolding. If our wave counts are going correct then above resistance zone silver can show 79000 plus, where wave iii would be equal to wave i.
Currently price is sustaining above RK's stop line and...
IS THIS A GOOD TIME TO BUY OR WAIT FOR MORE CLARITY
Silver has a major support @ 61150
One can buy with a Stop loss of this support for 1000 points rally from current level.
BUY @ 61540
TGT @ 61850-62250-62800
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Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis.
Follow...
Currently, silver has jumped back into the uptrend area. It has also broken the parallel channel in the last trading session. But, the buy is not confirmed yet. The uptrend can be resume if it remains above 0.618 of retracement level and 3/1 & 8/1.
If that happens, then you can buy for the targets of 63900 - 65100 - 65960 - 68454.
What happens if it's...
By silver with cmp with sl of 59460
I feel silver has created base here, as updated early we are bullish on gold, so along with that silver can show good move up to 62000
