On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
📉 #Silver finds support at 79400, but watch out!
🔸If it dips below 79250, brace for a potential plunge of 300-900 points.
📈 Bullish zone at 80700.
🕓Timeframe: 1 Hour
Good above 80700
Target1: 82000
Target2: 83100
Bearish below 79250
Target1:78900
Target2: 78400
On a daily chart MCX Silver trading at 81150, we have seen profit booking which took silver from 87000 to 81150, almost 6.75%.
At Current juncture Silver is trading in a rangebound, one can go long in Silver around 80500-80000 for the initial target of 87000, further 90000 levels.
Silver is at angular support in daily tf. bullish reverse divergence is also seen in daily tf where the price is making a higher low but oscillators are making a lower low.
monthly time frame is positive, silver is showing bullish signs. 78596 is a strong support zone.
study purpose. kindly do your own study before taking any trades.
5 year consolidation breakout with major support 65000 on quarterly closing bases probability of silver moveing towards 165000-170000 zone in next 3 -4 years is high .Start investing big bull run to start in silver .this are my personal views i might be wrong to .)
Silver had a strong run up till 86k, after which profit booking was seen which brought it down till 83k.
Now, pull back of the first wave of profit booking seems complete, which gives another opportunity to take a short trade.
Timeframe: 4-hour ⏰
A simple story unfolds as silver crafts a triangle pattern. Keep your eyes peeled for an exciting breakthrough above 84000, hinting at potential fireworks ahead! 🚀
More than 2600 points ahead.
DO YOU AGREE WITH THIS IDEA? GIVE IT THUMBS UP
As seen on chart, a Harmonic pattern can be recognized. So, assuming a reversal can take place from the given price level, A small risk trade can be taken with a tight SL. Targets are marked on chart.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Technical Indicators and Outlook:
Technical indicators suggest a strong momentum for silver, backed by positive Chinese service PMI data and a closely correlated movement with gold prices. The gold-silver ratio also offers insights into future price movements, making silver an attractive option for investors.
Investment Advice:
Given the favorable market...
