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Silver should head down to the earlier indicated zone . This should be the final Y wave to end the correction.

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Silver shotup today and had a volatile few mins with a wide range. This may have just completed the X Wave of the upward corrective from the late Sep Lows. X waves are generally sharp reactions. The upmove since the Sep lows is best counted as an X wave. Note the labels on the chart - nothing impulsive, overlapping and time consuming upmove. There is no impulsive...

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Yesterdays top can be counted as the end of a leading diagonal and should now corrected in 3 waves. When done this this should position itself for a long and sustained rally. Alternate count - count yesterdays move as the completed 5 waves as an ending diagonal - not very likely as the price move/ distance travelled for this wave is miniscule compared to Wave 1

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Silver chart updated further to earlier view. In line with a downmove developing, risk lowered as shown on chart. XAGUSD contract SL now at 24.47.

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EURINR has been moving sideways with a downward bias over the last few days post the peak on Dec 3rd. The sideways move has traced an W-X-Y pattern. The pattern also resembles a 'FLAG' pattern as per classical chart analysis. Considering the previous sharp move , one can expect a continued upsurge following a break of the upper trend line The subsequent move...

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Silver's recent upmove looks complete and the initial move down from 24.86 seems to be in 5 waves, indicating that the down move may have started. If the wave count is right, we are looking for the next downleg to make its path upto $18. At this level the 2nd ABC will be equal the 1st ABC from the Aug high. This is a normal target area. Risk level is the...

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This surge out of the wave 4 can be expected in the next day or 2, Risk stop will be 29180. Targets can be between 30800 to 31800. That is a good move for the risk. Watch for strength in the initial hours and stay long if the morning lows are not broken the next 2 days.

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Silver has moved sideways and looks like a quick pop to the upside is in order. Risk stop 63360 , target area is 65150

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EURINR seems to have completed a upward tilting wedge, this can resolve downward, Stop level will be 88.59. look for prices to head to the bottom of the wedge

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The chart is noisy with a lot of subwaves labelled, but all of them confirm to Elliott guidelines. Watch this area to see how price reacts, and downmove from here can trend down strongly. SL should be the highs made in the last few/next few hours

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Nifty's move down earlier this week was wave A of the correction, todays high of 12910 area should have ended wave B and Wave C has just begun. Stop loss will be 12910 on the Nov conntract

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Nifty Seems to have completed a Wave 4 triangle and is bursting up . Looking forward to a good Diwali

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The the move down is not very clear as impulse in the early part, it is looking more so. Silver now looks like its all set to head to go below Sep Lows

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The previous suggested trade triggered the Stop. The subsequent action still fits into a correction and so we should still look forward to strong action to the downside. This will be a final wave down and is usually sharp. Look for a move that should take the issue down by about 20%. The earlier projections will now change as this now looks like a Flat correction...

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Silver spurt up in Wave C to complete Wave Y as indicated few hours back. This now seems to have reached the minimum corrective move. If the correction is complete, then we should head down in a large move making new lows. For now a move below 24.20 , the wave B low should confirm the down move has started. An earlier entry may be possible, will see how this...

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Silver has been moving sideways for few days and this recent move looks like a Wave B which should now resolve with a Wac c to complete the larger Y. The larger trend remains down so this will help us get better prices to go short

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Silver's recent upward to sideways can be counted as an incomplete WXY Flat. Subdivisions of Wave Y is in its final stages. An upmove to the 24.60 -24.80 should complete the rally . The larger downtrend should then resume.

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The corrective upmove should be at its last legs. We should now look for weakness and enter short. A move to under $30 is in the pipeline. The subwaves on the minute chat also indicate a 1-2, 1-2 pattern which should now accelerate if the days high is not taken