publishing herewith my idea about silver in day time frame, price is forming a pattern, also try to give normal day range use your own discretion
publishing herewith same old silver 15 min chart, showing how pattern controls the price movement
publishing herewith silver pattern using 15 min time frame, but ,without any range
shorting opportunity in silvermic on 15 mins timeframe
Publishing about a 4 hr trendline below the price for reference
Publishing herewith my idea about silver, will share day range and detail analysis later
Silver levels...................................................................
after sharp upward movement due to the breakout of channel price got rejected at a perfect level and fell sharply due to US & Europe stock market sharp rally especially the DAX which got a triangle breakout
Silver prices corrected after prices rallied on the news that India raised total taxes on silver imports 15% and on silver dore to 14.35%, the government said in a statement on Wednesday, in an effort to align the duty structure of the metal with gold. - The euro dipped against the dollar on Thursday after the European Central Bank (ECB) hiked interest rates by a...
i was little bias about short position in silvermic. i took this trade downside 1:3 risk to reward
presenting my idea on silver , silver is crosses 3 month period resistance zone in day time if look it through that range in 3 month time it is still in that range so take ur own decision providing some levels for direction
Silver is in uptrend and budget helped price to continue it's trend
SIlver future chart showing trendline resistance at 69000. It can short here or on any rise and wait for target 68000 ,67330 and 64000 soon. major fall will come when it close below 68000.
Mcx Silverm Feb contract forming Tripple Top Key Resistance is 69000 Once Rejected will go short till 67250
Make your own decision wisely. For educational purpose only. I am not SEBI registered.
MCX:SILVERMIC1! Time frame : All Levels to be followed on Closing basis only. Intraday Volatility may persist. Chart Pattern Identified : BEARISH WOLFE WAVE In its bearish version , the highs and lows are increasing and herald a downward reversal of an uptrend. 1) A significant maximum is formed, preferably an absolute maximum ( point 1 ) 2) The price falls...