vaibhav14476

vaibhav14476

As shown in the chart, silver is moving in a symmetrical triangle. Simple way to trade it is within the triangle and after breakout on closing basis. For convinience I draw abcd waves. But it doesn't mean exact moving path of the price. But you can take help from it.

vaibhav14476

Usually Ascending megaphones has downward breakouts, while descending has upward. Horizontal is rare case, this usually turn in to continuation of trend. First wave entering in to pattern is downward. So we can hope the price to go downward after breakout from the pattern.

vaibhav14476

Since last 16 months , silver price was trading in a H & S pattern. On 7 th July it broke neckline and went down towards 15.122 around and as usually happens price came back above neckline, forcing bears to cover their shorts. But price made its upward journey in rising wedge and it is about to breakout now. All this is about positional trading and not for...

vaibhav14476

there is rising wedge on silver 4h chart. I cant draw it accurately here because chart is too much little to make drawings on it & I am not pro member. Last candle touched resistance line of rising wedge & returned back. ( see last red candle ). Breakout of this chart pattern is downward. Draw it on your chart and trade accordingly.

vaibhav14476

For intraday traders,.... Head & Shoulder is in making on hourly chart. At the morning it is looking like rising wedge and gave a downward breakout also. But price return back in wedge and at the moment final wave of last shoulder is in making. Watch it carefully and try to earn. Thank you..... I am not pro member, so chart I used is very little. I can not draw it...

vaibhav14476

As we all know , NG is trading in H & S pattern from so many days. Now final shoulders downward moving wave is about to kiss the neckline of H & S. You can experience huge selling pressure in price movement. Since last 5 trading days , traders use each & every upward move to short. So price will surely touch neckline. We all should cautious, when price will...