Elliott wave analysis:- A wave and B wave and C wave was over.
Elliott wave analysis:- Impulse wave formation has been formed. 1,3,5 wave are impulse and the 5the wave was an Ending Diagonal. . if this wave has not broke above the 5th wave then we can go for short at CMP. stoploss@22.24201 if pattern failed then we have to wait and watch the wave formation. i am not a SEBI registered advisor. Before taking a...
Friday's price action a) brought the price precariously close to the descending triangle breakdown b) Trendline recapture miserably failed and confirmed the breakdown Both (and 2 other EW based factors) points towards price reaching green zone after break of blue zone. The momentum oscillator is also no-where near the oversold zone and indicating some more...
The Fibo levels marked on the chart show clearly that Silver has broken out over horizontal level. Its a multi year Break out. I gave the major levels in my previous idea upto $32. (link Provided) Ist major target is 24. Maintain a SL of 19.49. Stay invested. Next major three canldes to be watched in coming three days are as under: 10-12-23 12:53 PM 10-13-23...
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...
Since the market has been consolidating for a while now, There is a higher chance of an impulse move by the 2nd half of the session.
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.
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...
Make use of the impulse that is about to come after this consolidation in Silver. Kindly follow proper risk management measures while taking these trades.
Silver upward momentum formed last Friday to continue and expected to touch it's 20DEMA of $ 22.3 on Monday/Tuesday.
Buy above 21.02 only for short a target of 21.57 and more in future, Candle of 3:08 p.m. is going to dictate. Mark Low and High of this candle and it is likely to change the trend prevailing then.
After a big correction Silver May see some upside movement from Weekly support of 21.315$ This chart is only for educational purpose
Elliott Wave Analysis A correction is taking place and A wave was completed and B wave was a triangle formation. If it break the 22.11245 then we may expect to 20.62285 - 21.27841.
Silver now again trading at support zone. 21$/20.4$ is major support zone if hold then we seen sharp bounce back.
XAGUSD / SILVER: More down left? As long as 23.82 resists, we can see more down towards 20$
Buy now at cmp 22.15 Stop Loss below 21.9 Target 23.60 and 24
Silver is currently at a daily support zone. if it breaks the low of the current daily candle or forms a 4hr candle close below support we can plan a short trade targeting next support zones.
Silver is at 13 months upward channel support, and just above 200 week EMA, and upward journey is expected if it doesn't bbreak these two supports. Let's see how it works next week.