Silver Future MCX
Hi all again this analysis is based on elliott wave and neo wave analysis.
Market has made 3 wave and corrected as flat structure(3-3-5) and then made X larger degree now currently market making expanding limiting triangle this will be the last corrective structure which will end as 4th wave and than finaly will rally for 5th wave.. Now major concern is this if this is 2nd wave than we will see sharp rally and which exceed and can cross more than 161.8 of wave 1 to wav2 fib extension.
Buy side:-above 77956
Target 1- 84948
Target 2- 110546
last target 3- 133739
Note:- Market not completed E leg move yet, once B-D trendline broken it will confirm as 4th wave/2 wave and then it will rally for 3rd/5th wave.
Market has made 3 wave and corrected as flat structure(3-3-5) and then made X larger degree now currently market making expanding limiting triangle this will be the last corrective structure which will end as 4th wave and than finaly will rally for 5th wave.. Now major concern is this if this is 2nd wave than we will see sharp rally and which exceed and can cross more than 161.8 of wave 1 to wav2 fib extension.
Buy side:-above 77956
Target 1- 84948
Target 2- 110546
last target 3- 133739
Note:- Market not completed E leg move yet, once B-D trendline broken it will confirm as 4th wave/2 wave and then it will rally for 3rd/5th wave.
Penafian
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