SIlver Future may correct soon.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.
SV1! trade ideas
Silverm Waiting For Short OppertunityMcx Silverm Feb contract forming Tripple Top Key Resistance is 69000 Once Rejected will go short till 67250
Silver Ready for Lifetime High JourneyMake your own decision wisely. For educational purpose only.
I am not SEBI registered.
SILVERMICRO
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 and forms a minimum ( point 2 )
3) The price rises and forms a subsequent maximum higher than point 1 ( point 3 )
4 ) The price falls and forms a subsequent low higher than point 2 ( point 4 ). Trendlines constructed by joining points 1-3 and points 2-4 must converge.
5) Point 5 is the maximum following point 3 and must cross the trendline joining points 1-3. This means that a "false breakout" from the pattern must form.
This point determines the completion of the pattern and the OPENING OF A BEAREST POSITION because according to the pattern, a new wave should form from this point and extend beyond the pattern.
PRICE and TIME TARGET
Following Wolfe's principle, we can set our PRICE TARGET at the point where the trendline extension passing through points 1-4 will intersect the price line . INTERMEDIATE TARGET is also set by placing it at the price level of point 4 , then we can also try to extend the final TARGET.
A valuable indication of the Wolfe pattern is tempo.
In fact, by extending the trendlines of the figure up to their intersection, a time target is identified, i.e. a hypothesis on the period of time necessary for the prices to meet the trendline that identifies the target price (ETA=Estimated Time Arrival ).
If once you get close to the ETA point, the price hasn't reached the target, you should consider exiting the trade.
STOP LOSS
The stop loss should be positioned above the maximum of point 5, perhaps slightly higher.
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
SILVER MIC IN CRITICAL POSITION69350-69450 Critical resistance level.
IF Silvermic respect that level it will fall to 67400 for now and will face correction.
And if it sustains above 69500, It will make a swing high of 73000.
silver future weekthis my one of the oldest chart i to my surprise silver is continuously following it
MCX SILVERM FEB FUTURELong Position opportunity in Silverm Feb Future At Entry Price 68700 with SL 68540 Target will be 70900
SILVER SORT OR BUY AT BOTTOM ?Made bearish flag, can breakdown, Enter below enter 6709 for the target which is given on chart just follow target and sl .
it can be reverse if here make W or double bottom. so play on levels.
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Silver Long (13 Jan)Intraday
Silver Long (13 Jan)
W pattern
RSI- 64
Buy at CMP- 68725
SL- 68300
Target- 69210, 69460
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
SilverMic_Current_Future : Likely to fall // StoxWare's viewin.tradingview.com
SilverMic_Current_Future : This seems bearish to all of us. The head & Shoulder, Rising Wedge, and Elliot-wave...three major indicators are should bearish. Prepare you sort selling.
Silver ready for next big moveSilver in INR terms is forming a multiyear flag and pole pattern. It is consolidating after breakout. It is a long and big bet so position yourself with a bigger vision.
Falling Wedge Breakout Silver Long on Falling Wedge Breakout Now 🥳
Go long on Silver or Buy a Call ✔️
Silver Weekly : BuyMCX:SILVER1! Silver weekly candlesticks settle above resistance and probably forming parabolic moves in near terms. Very good risk reward in current scenario.
Bullish on the white metal Silver looks quite bullish. The Trendline resistance is at 70k. All Ma's crossover done & positively positioned.
Can add now & pyramid above 70k
Silver Looking Bullish on weekly TFSilver is looking very bullish on the weekly time frame charts. If it breaks the trendline with volume, path will be open up for newer highs. target would be around 75000. SL is around weekly low and should be as per risk appetite.
Silver Short Trade1. Weekly candle: Trend reversal ' DOJI '
2. Price at took weekly resistance
3. RSI Negative Divergence
Note: Follow the SL & maintain discipline.
MCX SILVER UNDER GI WAVE METHOD Mcx Silver Mini Trading on up trend market using Gi-1 method price expect upside
