TVC: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...
Silver is possibly undergoing a fast three-wave correction that has retraced 50% of the previous cycle advance
$17.40-17.50 is potentially a strong support cluster and warrants a look for Long trades
Silver seems to be making a triangle pattern after meeting our short term target of 20$.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 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.
