SIL1! trade ideas
Silver Futures AnalysisKey elements of this setup detailed explanation:
1. Candlestick Chart:
This type of chart is used to display price movements of a financial asset over a specific period.
Each candlestick shows four main pieces of information: opening price, closing price, highest price, and lowest price for the period.
2. Fibonacci Retracement Levels:
These are horizontal lines that indicate possible support and resistance levels.
They are derived from the Fibonacci sequence and are often used by traders to predict potential reversal levels.
The key levels visible on this chart include 23.60%, 38.20%, 50.00%, 61.80%, and 78.60%.
3. Trend Lines:
An upward trend line (in red) shows the general direction of the price movement over time.
It's drawn by connecting the low points of the price movement, indicating an overall upward trajectory before the recent decline.
4. Support and Resistance Levels:
Green horizontal lines represent support levels where the price tends to find a “floor” as it falls.
Red horizontal lines represent resistance levels where the price tends to find a “ceiling” as it rises.
5. Price Action:
This shows the recent downward movement after hitting the 100.00% Fibonacci retracement level, suggesting a potential trend reversal.
The price is currently around the 38.20% Fibonacci level, which might act as a support level.
This setup is instrumental in technical analysis. It helps traders:
Identify potential entry and exit points.
Recognize possible reversal levels.
Make informed trading decisions based on historical price movements and key levels.
Let me know if you need further details or have any other questions! 📊
Silver MCX Future Intraday Technical Analysis for 25 Nov🚀 Unlock the potential with my #Silver Intraday Technical Analysis for 25 November 2024!
✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️
📍 Range Trigger Point: 90,768
📅 Day Range: 1,553
📈 Long Position
🔹 Buy Above: 90,620
📊 Average Position: 90,437
🎯 Target 1: 91,728
🎯 Target 2: 92,321
⛔ Stoploss: 90,102
📉 Short Position
🔹 Sell Below: 90,253
🎯 Target 1: 89,808
🎯 Target 2: 89,215
⛔ Stoploss: 90,771
✨ With over 6 years of research and back-tested strategies, I provide clear intraday and positional trading levels for indices such as Nifty50, Bank Nifty, Fin Nifty, and Mid-Cap Nifty, along with commodities like Crude Oil, Natural Gas, Gold, Silver, Copper, and Zinc in both US and MCX markets.
My analysis is based on the position of buyers and sellers on previous day's technical charts. By studying candlestick patterns, trading volume, indicator confirmations, and other important signals, I identify the best price ranges, entry points, timing, and appropriate stop-loss levels.
I teach a specific trading approach based on live market confirmations to make the most of these levels. Follow and connect with me to learn how to effectively implement these strategies and improve your trading results! 📈
#Silver #SilverMCX #Commodities #TradingSignals #IntradayTrading #MCX #NumroTrader
Silver is at its Strong Trendline support - Whats next ?Silver is at its Strong Trendline support - Whats next ?
1. Higher High and Higher Low in Day time frame gives an hint that it might reverse from here towards 97800-98000
2. If this trendline support gets weaker due to current dollar spike, SL should be below 88000
Silver MCX Future Technical Chart Analysis for 28th October🚀 Unlock the potential with my #Silver MCX Future Intraday Technical Analysis for 28th October, 2024!
📍 Range Trigger Point: 97134
📅 Day Range: 2449
📈 Long Position
🔹 Buy Above: 97133
📊 Average Position: 96845
🎯 Target 1: 98647
🎯 Target 2: 99583
⛔ Stoploss: 96317
📉 Short Position
🔹 Sell Below: 96556
🎯 Target 1: 95621
🎯 Target 2: 94685
⛔ Stoploss: 97372
✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️
#Silver #MCX #TradingSignals #MCXLevels #TradingTips #SilverLevels
Silver pattern negative sell on rise Israel -Iran war priced in Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver we get 2300 points ystd, 1500 on buy 800 on sellSilver pattern negative,
Yesterday we get 2300 points profit total
15000 points profit on buy trade and 800 points profit on sell trade
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver if break 96500 then more fall if break 97500 then go upDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
gold silver looks sharp profit booking analysisdear all as per report last gvn 2760 almost done where our buy full end--- now if any rise will take only sell entry with tight sl -- always remember blw 2760 no buy at all now---- if any sustainabv 2760 thna let seee nxt lvl otherwise our buy wave end-
mcx silver stya blw 99200 looks dwn fall till 98524--97600+++ in spot 34.30 stya blw dwn fall looks;