If red line is lower than blue line , please take position for short.....hold till ..... Blue line should lower than red line. Accurate trend. Follow it extremely.
Elliot wave Bearish Sequence in Precious Metals
Om Namah Shivay Silver analysis is different when compared to Gold. Gold <> Silver. But the last impulse is same for Gold and Silver. Silver Impulse indicates that it has already reached a level from where it has been retraced back to 61%. The Leg 4 looks reached. And the next Leg will be in the making if the structure is respected. Possible that...
Buy above 65800 for 300,500,900++++ Sell below 65000 for 300,500,900+++ can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
IF CLOSED ABOVE 69000 WE CAN SEE ANOTHER UPSIDE TARGET 78 82K+++ FOR EDUCATIONAL PURPOSE ONLY
Buy above 68300 for 68600,69100,70000 Sell below 67900 for 67600,67100,66100 Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
SILVER TODAY POSSIBLE LEVEL BASED ON SWING TRADING METHOD.
MCX Silver market wud be bear today. Stick with SL and do trade accordingly.
A consecutive breakdown below to 23.60% means 38.20% ( 64K - 62K ) will come soon. Otherwise, it will keep moving forward for 72K - 73K+ .
Silver Resistance and Support Level of 13 AUG 2020. Sentiment Neutral till 69200
MCX Silver had a steep fall on 11 Aug 2020. There are two gaps at 57k and 54k . Fib retracements show them amidst possible entry level.
Just a comparison between India & US Silver Futures