Time to TRIM your shorts in SILVER / XAGUSD?

l’altro ieri

TF: 15 Minutes
CMP: 49.941

The structure and counts suggests that we are in for a bounce on this counter anytime soon.

I have marked the internal counts of this fall from the recent swing high (54.385)

Whether it is an ABC decline or an impulse 5 wave decline, we are in for a bounce in the shorter TF

Trendline from the lows confluences at around 49.15 levels (the desired target range for this leg)

In my view, it must be 5 wave decline, to be followed by an ABC upmove and then possibly another 5 wave down to break below the previous swing low at 45.534


Chart in larger TF





Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.

l’altro ieri

Trade attivo

Price is bouncing off nicely from the lows at 49.34 and it will head higher.. lets see how far this moves goes up..

10 ore fa

Trade chiuso: obiettivo raggiunto

That was some parabolic move.. but tested the patience.. now it is time to get out.. 52 to 53 zone should be the resistance for this move..

This is the possible path I am looking at.. But confirmation is pending ... It is a wait and watch game now