TRIANGLE breakout in SILVER (XAGUSD)Elliott wave analysis:-
View 1:-
if it is a BULLISH triangle then it will break upside and the entire pattern next to w) wave is TRIANGLE X) Pattern.
View 2:-
If X wave was flat correction then a) wave was completed and b) wave was a BEARISH triangle and C wave has to break downside and the target will be same size of a) wave.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
Trade ideas
Silver - Live Market update
Hello friends,
Please vouch strength of idea that trend changed exactly at 1:27 a.m. marked by red vertical line in morning as was mentioned in my earlier discussion, now the timing of the candle of 7:10 p.m. is important. Please mark high and low of this candle and act accordingly.
Silver - update Live Market Analysis
The ongoing candle is very important for Silver, Mark high and low of this candle and act accordingly. Going further, time of various candles have been given which will have the effect on trend of this commodity. If the timings of a candle remains outside the working of the stock exchange, please ignore that candle; just draw a vertical line for analysis purpose.
Please refer to my earlier discussion of silver. Link provided
Future level in the long run:
22.479 23.076 24.29 26.81 29.47 32.24
Silver - Getting Bullish
Silver- Getting bullish. Watch the level marked by white horizontal line and red diamond. Next 1H Candle may turn it out of clutches.
I am not a registered analyst with any National/International agency. Please consult your financial advisor before making any decision.
Today' s Low 22.815 Sell Below and Levels
22.739.2 22.66 22,58 22.513
Buy above and Levels 22.833 22.852, 22.890, 22.966, 23.04, 23.118, 23.78, 23.84, 23.96 24.20, 24.45, 24.70, 24.45.
Silver - Live Market Analysis
Silver is purely long, if this candle is not broken downside. But would suggest to wait till tomorrow.
Don't be in haste. Risky players can buy here checking next candle, risk averse should wait till tomorrow.
Please refer to my morning session idea on silver and adhere to those levels.
Silver - Getting Bullish again 23.655 live market analysis
Silver has made triple top right now at 23.22 and preparing to go above that.
Above that marked is a white line and corresponding red diamond, showing swing of previous high at 23.312.
Buy above white line only and first target is marked by green horizontal line at 23.665.
Please let the proper levels come and then only execute.
I am not a registered analyst with any of the National/International agencies. Please consult your financial advisor before making any decision.
Let you grow. May! I follow you.
Thank you
Silver - Hourly/4 HourlySilver is setting up nicely to either Break out of the resistance trendline.
It can either breakout of the downward sloping trendline which might take it to the previous high or it may take resistance and come down to the support line!
Keep your eyes open and lets see how the price action unfolds here






















