Hi all again this analysis is based on elliott wave and neo wave analysis.
Market has made 3 wave and corrected as flat structure(3-3-5) and then made X larger degree now currently market making expanding limiting triangle this will be the last corrective structure which will end as 4th wave and than finaly will rally for 5th wave.. Now major concern is this if...
Hi All this analysis is on elliott wave and Neowave.
At very higher time frame market is making Limiting expanding triangle( expanding triangle
consist of 5 sub waves which are 3-3-3-3-3(A-B-C-D-E) we are in now E structure as E structure is not yet completed it need to break B and D trendline to confirm the expanding triangle, Now market is in the direction of...
Timeframe: 4 Hour
Direction: Short
Waiting for movement in Silver after a gap-up opening. Currently observing liquidity. Because of it, we will likely see the price drop to lower targets soon.
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as support and resistance. You have to trade according to...
Silvermic at short term support
Currently near the support levels where it's testing the support line. Expecting some short term upmove if condition sustain. Fall of around 10% so expecting short term upmove or a pause before the fall.
73200-73700 if not then can see a downmove.
No recommendations, just my view based on chart structure.
#Silver Update - Dec 12
Timeframe: 4-hour
Direction: Short
In Silver, a pause observed at 72000 level, now heading towards the next support at 70000. Eyes on U.S. CPI, Fed's decision.
eyes on 22.60$ in mcx 71500 if stya blw or close blw than sharp dnw side expect 22.230-22$ in mcx 71110 thna after 70600+++ expect on daily chart yes triple support on trend line 22.60 let see break or not sustain
71606 is a major support for the commodity. Below it short for sure.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Silver Futures Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels...
Buy above resistance and sell below support. Read markings on the chart.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
TREND -POSITIVE
PRESENT ZONE- Inside Demand zone.
Came down after touching multi year high
FORECAST -As per ZONE
if D1 is broken will target D2 at 24.435.
Pre high to be crossed above D1 for entry.
MY TAKE
if crosses above D1 at 25.07 will target 25.485
TREND -POSITIVE
Unable to break above the Supply zone at 25.90
Multi year supply zone at 26.11.only gap up required to cross this.
IF TL broken will target below 1 HOUR DEMAND ZONE's till 25.08
