sell in one hour trend .. sell below 60740 target 300 pts
Sell silver at cmp 61130 sl 61550 target 59600 disc : it's not an advise to buy or sell
Om Namah Shivay Brothers, Trying Elliott wave on Silver to find the market structure based on EW. The structure is too early to confirm. But a good learning and practice to make the future market structure before time. The structure of market always change and the prediction should be with time. Starting counting directly from the top...
Silver has moved up as suggested in the earlier post. However the 2nd upward swing from the low seems more like a C wave of a ZigZag than a 3rd wave. Unless there is immediate move above the channel line we are headed lower in the near future.
Silver MCX prices held better as they did not fall below the 20dma in the recent market reaction to the dollar. The 20dma support is at 67130. Wave 5 up should attempt to move back above the Bollinger band at 70388, and the test the wave 3 high at 77949, and where 5=1 near 81180
Silver Seems to touch previous breakout levels ... Levels for SIlverMic 21Feb Contract:- Entry 58700 T1--53700 T2--49800 SL-62950
Silver testing Fibo levels again, Last was support taken on 12th Aug.
Silver Buy Setup Intra 2nd trade buy at cmp S.L 150 200 points, Target 200-500 points
Silver is looking week and showing volume fr down. Each and every line is representing trend one after one.