#Silvermic Important support and resistance levels#Silvermic Important support and resistance levels
Swing Target 5k to 6k points
#silver
TSI1! trade ideas
silver outlookSilver is currently supported by the trend line formed since February 27th (denoted by the red upper trend line), while simultaneously facing resistance at the upper boundary of the channel that has been forming since September 2022 (represented by the green color channel).
although the head and shoulders pattern (denoted by red circle) remains intact following the breach of the September channel's upper boundary, the market is currently consolidating. Notably, a bullish wedge flag pattern has emerged during this consolidation phase, but confirmation of this pattern is still awaited.
This juxtaposition creates a mixed outlook, indicating indecision in the market's direction at this time.
"For a more comprehensive understanding, please refer to my earlier insights on this topic"
SILVER ANALYSIS - JUNE 19th - 21st
Sharp analyst here. Keen eye on silver's developing falling wedge pattern near 89,300.
This often precedes a bullish reversal.
Potential upside: 1000-1800 points based on the wedge height.
Target - 90500 - 91000
Trade idea: Long silver above the wedge's upper trendline with a stop below the wedge's lower trendline.
Remember: This is just technical analysis. Keep an eye on overall market sentiment and risk management.
#Silver #TechnicalAnalysis #FallingWedge #SilverAlert
Silver 2800 points profit running holding buy from 88100Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver at Strong Support Level: Ideal Buy with Targets up to 12Silver has a level that is a strong potential support. Personally, I have been waiting for a retest of this level (87580) for quite some time. It is advisable to buy at this level.
From here, potential targets appear to be 96400, 100900, 102700, 106500, 120000, and 125000.
Silver buy holding from 88100, 2800 points profit running holditDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver buy trade holding from 88100 targt 90100, 93000 ,95300Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver buy on dip till recent low not break Target near ATH ++Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver FuturesAt longterm rising support line with probable ensuing bullish flag & pennant pattern.Breakout above can lead to fresh ATH.
Silver buy above 89500 , let it make base firstDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver buy trade holding from 88400 hold it for tomorrow big movDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver yesterday buy given at 88400 profit booked at 90500 ,Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver moving in Channel Silver is moving in a channel consolidating at the bottom of the channel and trying to go back to the top of the channel.
Silver sold at 94100 booked at 88400 again buy at 88400 hold buyDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver sell on rise till 90600 not break Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver MCX sell trade holding downside Target mentioned on chartDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
silver shifting momentumAs mentioned earlier on 30th may silver seems to be signaling a reversal on the 4-hour chart. It's showing a double top pattern first and now formed a head and shoulders pattern, both typical signs of a potential turnaround, which often indicate a shift in momentum. Watch closely the key level of 90,000 again. If silver falls below this level, it could find support around 88,000 to 87,000. Further support might be seen between 84,000 to 83,000 in the upcoming days.
Disclaimer-: for education purpose only
SILVER | MCX | 5th - 6th JUNEHead and Shoulders Patter
This is a bearish reversal pattern in technical analysis.
It consists of three peaks with the middle peak (the "head") being the highest and the two outer peaks (the "shoulders") being lower.
A neckline is drawn connecting the troughs before and after the head.
Targeting a price of 88,000
HIT LIKE BUTTON IF YOU AGREE WITH IDEA
update on silver Update :- Following the upper range breakout, silver met resistance between 95,000-96,500 zone. Examining the 4-hour timeframe reveals a trendline originating on May 24th. Yesterday, May 29th, this trendline was breached, hinting at a double top (M) reversal pattern. Confirmation of this pattern awaits at the 90,000 level If this level breached, a subsequent decline of 6,000-7,000 points could be anticipated.
only for education purpose
SILVER UPDATE | MCX | 4th - 5th JUNE
If silver breaks below 89,600 level, it will become bearish in short term.
Target would be 89000 - 88000 - 87000
Conversely, if bounces back then it will remain bullish and move towards 93000
Disclaimer: This info on silver's price is for learning, not financial advice.
Big move might be coming soon!
Silver buy given at 90800 , 1200 points profit 5500 on sell alsoDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
silver on crucial range update:- keep eye on short time frame. as reversal pattern (M) been completed now the point is, is it sustain here or else range bound from here.
Silver sell given at 95500 , 5500 points unbelievable profit,87kDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
