SILVER trade ideas
SILVER - For Commodity LoversTVC:SILVER
CMP - 17.018
Here, I have drawn the important lines.
Now trade their support, break and retest.
Have a specific strategy of position sizing and stop loss which suits your trading plan .
Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2 days.
Note : This is the international price. Enter orders on MCX when you get a signal here.
Thanks.
SILVER$ - Potential Reversal AreaSilver is possibly undergoing a fast three-wave correction that has retraced 50% of the previous cycle advance
$17.40-17.50 is potentially a strong support cluster and warrants a look for Long trades
Silver Buy on dips around 18.65-80Silver is range bound in a trianlge pattern.
A dip to 18.65-18.80 levels will be great levels to buy Silver.
Silver continues to be Long ideaSilver seems to be making a triangle pattern after meeting our short term target of 20$.Recent high was 20.064$ this week itself.
The wave counts look bullish as the fifth wave may start soon for the upside target of 22$ and above in short term.
Silver Silver gave a good trade with +WW in Hourly chart at 18.65$ and the target for the same was done today morning itself.
Now we see a clear impulse in hourly which may materialies to the next fractal level in Daily.
+Wolfe wave pattern in SilverA positive wolfe wave formation in Silver provided the levle of 18.40 holds
Silver is long only above 20.25Silver seems to have coming out of consolidation.The last upmove was an impulse.
