Dear Followers
I have identified a potentially lucrative opportunity in the MCX:SILVERM2! silver market. My analysis suggests that silver prices could experience a significant downturn in the coming weeks. This could offer an excellent short selling opportunity for those looking to capitalize on potential price declines.
📊 Key Factors:
Recent Overbought...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Head & Shoulder and Peanut Pattern
📌 Symbol/Asset: Silver (MCX)
🔍 Description: Silver given breakout of Head & Shoulder and after breakout its in a consolidation and forming Peanut pattern.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one...
silver spot stya blw 23.30 or in mcx stya blw 72800 looks dwn fall 23.05 in mcx 72400-7200++++++++ or blw 23 will see 22.70 in mcx 71500 near yes on 4th hrs chart looking trendline breakout possible
Very Strong Upmove candle .... need to break the Trendline and 25.475 Levels for confirmation
Triangle breakout and A Flag Pole pattern can also be considered.
Structurally Silver is still making a higher low which is bullish.
Previously I was expecting low of 22.140 to break which didn't happen
Only -ve is Dollar Index Break out wait till confirmation ...
silver stya blw 75000 looks dwn fall 74500-74300--73890++++++++ sell on rise must here with tight sl yes silver spot bwl 24.20 dwn only 24--23.80$ yes buyer be aware if lvl broken thna big crash expected
r: R is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart says "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level that says "Buy if it breaks, " you should not buy at all.
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I use shorthands for my...
sell silvermni or silver as per marzin 76700-800 sl put your as marzin or pattern completed tgt tgt 75030 yes looking bear pattern occurred looks sharp correction
yes due to expiry silver mkt is volatile now support 76000 if hold abv 76300 thna looks up side 76890-77200+++ yes blw 76000 may be epxetc big gap fill let see if sustain bwl 76000 close eys on
MCX Silver may have started a bullish move to 85000 around now.. Wave counts & harmonics made for a bullish movement for next 2 months..
Stop loss can be kept around 69000
