SIL1! trade ideas
Silver mini June futures shortSilver mini June futures short
Bearish engulfing candle pattern found with RSI divergence
SELL at - 71430
SL- 72100
Target- 71100, 70520
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Silver observation Silver looking weak inside outside bollinger band and momentum is also slowing down.
Can see a target around 70,400
Sl will be previous 3 hr candle high
R:R 1:3
SILVER 4h TFRising wedge formation; Indecision in place. A breakdown at the critical level could trigger lows.
Symmetrical Triangle Pattern Spotted in Silver R:R 1 : 2.4 A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
Symmetrical Triangle pattern spotted in weekly time frame and this about to breakout with good risk reward .
Silver is in Overall Uptrend.
It took 270 Days to form this symmetrical triangle Pattern.
Manage your risk before get into any trade.
This View is only for educational Purpose only .
Don't blindly follow anyone trade please follow your own analysis.
SILVERMIC1! | Cup & Handle pattern looks good for 2000+ pointsSILVERMIC1! | Cup & Handle pattern looks good for 2000+ points
CMP : 69600
SL : 69000
Target : 71600
1:3 risk reward setup
Silver observation A nice dead cat bounce pattern is form in silver. If it sustain more than 2 or 3 than it can give us a good target of around 2200 points.
Silver observation 45 min chartLong on silver W pattern in bollinger band with volume divergence.
Target always upper band and stop loss below green candle of 45 min
Silver Observations Silver might be a good investment. Wait for the right opportunity.
1. Pole and pennant pattern.
2. RSI comes to 50 at first time from 80 RSI and goes sideways between 60 and 50 RSI.
CONFIRMATION
1. When RSI will close above 60 and %B will Also close above 1.
DOUBLE CONFIRMATION.
When Pennant pattern will break.
Target would be length of the pole make sure to put STOPS as well .
silver weekly chartsupport /resistance levels with trend line and a very basic moving average indicator to guide on the uncertain direction
ELLIOT WAVE ANALYSIS OF US SILVERFOR EDUCATION PURPOSES ONLY
HERE THE IDEA IS TO TRADE OF THE THIRD IMPLUSIVE MOVE WHICH BREAKS A RECORD RESISTANCE LEVEL WITH HIGHER VOLUME
FAILED TO DO SO , THE VIEWS CAN BE CHANGED
BuyBuy silver at cmp and in dip at 25.90 sl 25.50 target $27.36
Disc : it's not an investment advice to buy or sell
