Silver mini entered a rising channel yesterday before breaking down. It is now trying to renter the channel so would recommend letting it play out until a clear trend is formed. A close above 70500 or below 67900 will decide the trend
Go for long in support and go for short in resistance. The best way is to enter is to wait for a breakout for delivery traders.
# SILVER SHORT VIEW
Keep position on for sell till red line crossed above blue line Enjoy
If blue line is greater than red line , please take position for buy...hold till ..... Blue line should lower than red line. Accurate trend. Follow it extremely.
If blue line is upper than red line , please take position for ling....hold till ..... Red line should greater than blue line. Accurate trend. Follow it extremely.
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.