SIlver Market Structure May 2023 || Complete Price Action
i was little bias about short position in silvermic. i took this trade downside 1:3 risk to reward
69350-69450 Critical resistance level. IF Silvermic respect that level it will fall to 67400 for now and will face correction. And if it sustains above 69500, It will make a swing high of 73000.
in.tradingview.com SilverMic_Current_Future : This seems bearish to all of us. The head & Shoulder, Rising Wedge, and Elliot-wave...three major indicators are should bearish. Prepare you sort selling.
Silvermic (Next Month) - Sell area 36800-900 Sl 64250 Tgt - 61500 Reason - Break of Trend Line Reason 2 - Hourly Bearish Engulfing
If silver gives breakout above the range we will buy , if it gives breakout below the range we will sell.
Silver rejection at trend line Hourly bearish engulfing Shooting star at resistance Sell on pull back only if it breaks 56800 area Sl 57200 Target 55000
Silver today's range for entry. Stop Loss only 250 point and target 250 point, trail SL on each 250 points movement.
Crude Buying and Selling Levels Marked. Plane Trade When it Forms Price Action at marked Levels. Some Examples are shown already in charts.
silver micro in swing zone with a failed breakout attempt. once there is a breakout/breakdown we will have momentum on our side and will trade accordingly
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
Selling around 55000 Sl above 55300 Tgt 54900 Oi is on the Rise Trend Line is about to be broken
If sustains 58000 Will stop definitely at 61500 next Av Buy rate near 58200 - 58300 Sl 58000 Tgt 60000/61500 Risk to Reward - Excellent
58000 acted as a strong support before High chances are it will act as a strong resistance this time So sell near area 58000 Sl near area 58150 Target around 56000
Silvermic level with trend and chart analysis with short term traget.............................................
silvermic 15min intraday level.............................................................
silver mic daily level.................................................................................
#SILVERMIC-NOV: Buying Opportunity for intraday trader.