Silver Future MCXHi all again this analysis is based on elliott wave and neo wave analysis.
Market has made 3 wave and corrected as flat structure(3-3-5) and then made X larger degree now currently market making expanding limiting triangle this will be the last corrective structure which will end as 4th wave and than finaly will rally for 5th wave.. Now major concern is this if this is 2nd wave than we will see sharp rally and which exceed and can cross more than 161.8 of wave 1 to wav2 fib extension.
Buy side:-above 77956
Target 1- 84948
Target 2- 110546
last target 3- 133739
Note:- Market not completed E leg move yet, once B-D trendline broken it will confirm as 4th wave/2 wave and then it will rally for 3rd/5th wave.
SI1! trade ideas
Short trade as per elliott wave and NeowaveHi All this analysis is on elliott wave and Neowave.
At very higher time frame market is making Limiting expanding triangle( expanding triangle
consist of 5 sub waves which are 3-3-3-3-3(A-B-C-D-E) we are in now E structure as E structure is not yet completed it need to break B and D trendline to confirm the expanding triangle, Now market is in the direction of E wave to confirm expanding triangle. this trade is basically on the basis of E wave as E wave itself contain multiple Zig Zag structures( 5-3-5) and than form X as supportive wave this will lead to form double ziz zag to complete E wave example- ABC-X-ABC(5-3-5-X-5-3-5) .
Trade setup:=
Sell below-74286
Target-72606
Stop loss:-74814
This analysis is only for educational purposes, i am not a financial advisor please get in touch with your advisor to take any buy/sell trade in any liquidate market.
Silver Futures Intraday Prediction Levels for 14 Dec 2023The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as support and resistance. You have to trade according to level breakout or breakdown.
If You are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Silvermic at short term supportSilvermic at short term support
Currently near the support levels where it's testing the support line. Expecting some short term upmove if condition sustain. Fall of around 10% so expecting short term upmove or a pause before the fall.
73200-73700 if not then can see a downmove.
No recommendations, just my view based on chart structure.
Silver MCX - Support at 71606
71606 is a major support for the commodity. Below it short for sure.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Silver Futures Intraday Prediction Levels for 7 Dec 2023Silver Futures Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as support and resistance. You have to trade according to level breakout or breakdown.
If You are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Silver - MCX
Buy above resistance and sell below support. Read markings on the chart.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
🌟 Silver MCX Future Analysis - 05 Dec. 2023🌌 Trading Spotlight! 📊 Unlock the Intraday Levels for Silver MCX Future on 05.12.2023 by Trading Marcos! 🪙
📊 Contract Details:
Instrument: Silver MCX Future
Contract Month: December Future
Day Range: 2636.00 Points
Trigger Point: 76168.00
📈 Buy Levels:
Buy At: 77542
Add Position: 77231
Buy Target 1: 77797
Buy Target 2: 78804
Standard SL: 77492
Preferred SL: 76910
💰 Sale Levels:
Sale At: 76920
Sale Target 1: 74539
Sale Target 2: 73532
Standard SL: 76970
Preferred SL: 77552
Stay ahead in the Silver market game! 🌟
💹 #Silver #MCXFuture #IntradayTrading #LevelsByTradingMarcos #MarketUpdate 🚀
🌕 Silver Chart Intraday Analysis for 30.11.2023 Silver MCX Futures Analysis - 30.11.2023 📈📉
Instrument: Silver MCX Future
Contract Month: December Future
Day Range: 886.00 Points
Trigger Point: 75772.00
🟢 Buy Levels:
Buy At: 75637
Add Position: 75532
Buy Target 1: 76320
Buy Target 2: 76658
Standard SL: 75587
Preferred SL: 75417
🔴 Sale Levels:
Sale At: 75427
Sale Target 1: 75224
Sale Target 2: 74886
Standard SL: 75477
Preferred SL: 75647
💹 Trade smart and catch the silver trends!
🌊 #SilverMCX #DecemberFuture #IntradayLevels #MarketAnalysis #CommodityTrading
SILVER TREND NOWTREND - POSITIVE
PRESENT ZONE- Inside SUPPLY ZONE 3
Trying to break Monthly downward TL & prev high,Yearly SUPPLY ZONE now.
FORECAST -As per ZONE
once crosses above these zones 24.745 possible then 25.1 next SUPPLY ZONE
MY TAKE-
Chances of reversing from 24.22 are there.so wait for retesting and break out above this level.
if not will come down again to 1 HOUR DEMAND ZONE
(Note-only make entry at DEMAND ZONE's & Exit at SUPPLY ZONE's for BETTER RISK REWARD)
IF FOUND USEFUL KINDLY CLICK BOOST ICON
(anydoubts leave your queries in comments)
SILVER LEVELS FOR 29 NOV - 30th NOVBreaking Down Point: 76780
This could be a critical level in the silver market, possibly indicating a point where significant market action may occur.
Downside: 75290 - 75110
Suggests a potential downward movement, with a specified range of 75290 to 75110 as levels where sellers might be active or where the price may encounter support.
Invalidation: 77219
If the price reaches 77219, it might invalidate the previous analysis or expectations. This level is crucial, and surpassing it could signal a shift in the market dynamics.
Yesterday's Silver High and 3 Months High
Not explicitly provided, but if silver reached a three-month high yesterday, it suggests recent strength in the market. This could be an important factor in analyzing current trends and potential future movements.
In summary, the detailed breakdown provides insight into key levels and potential scenarios in the silver market. Monitoring these levels and considering recent market highs is crucial for making informed trading decisions.
Silver March Future/Option Analysis - 29.11.2023
Levels By: Trading Marcos
Instrument: Silver MCX Future
Contract Month: March Future
Intraday Levels: 29.11.2023
Day Range: 954.00 Points
Trigger Point: 76993.00
Buy At: 76784
Add Position: 76671
Buy Target 1: 77583
Buy Target 2: 77947
Standard SL: 76734
Preferred SL: 76548
Sale At: 76558
Sale Target 1: 76403
Sale Target 2: 76039
Standard SL: 76608
Preferred SL: 76794
📣 Disclaimer: Trading involves risk. These levels are for informational purposes only and not financial advice. Always trade responsibly and consider risk management.
📈 Follow @TradingMarcos for daily levels and instrument insights.
#Silver #SilverFuture #SilverOption #SilverIntraday #SilverTrading