anilmangal
Short

Silver corrective structure

FX:XAGUSD   Silver/U.S. Dollar
9372 23 226
Hi Guys, Silver             is in a consolidation so i am looking for a sell for one more impulse down before the next big move up.


Trade with care
Thank you for your support.
Comment: 240 view
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promising set up, thanks!
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Nice view. Gold get a similar move as well
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Sir plz reply on fb....
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is it the right time to sell ? or buy
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target 17500
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Thanks, anil.
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Have a similar view though on a slightly shorter time-frame and slightly higher bottom price

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Great analysis :) Thank you very much, what do you think is happening to Oil (WTI) and Gold (XAUUSD) ?
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Excellent chart. If anyone is interested in $TSLA or $F check out my ideas.
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If i'm following this right?

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judderod deLazyLizard
^ what he said.
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ivn96 deLazyLizard
I think the correction itself is a 5-wave pattern - 2 highs and 2 lows are completed,waiting for the 3rd high to sell :)
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I see what you're saying. Nice observation.
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Do you think it is a better idea to see if the price retest the broken trendline to enter?
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Dinkan anilmangal
Got it! Thank you
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Wouldn't wait for a retest, that's long gone.
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Whats the take profit / exit strategy for this impulse move?
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Does this movement will be bearish similar to Gold ?
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Thanks for sharing Anil
As I understand from your graph work ; down trend is about to finish. And big move up is expected to start around 17.250, right?
So can we consider the same thing for gold as well?
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Hi Anil,
Is it OK to buy when it hits 17.3-17.25 ?
Thanks a lot
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update?
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anil, what makes this 17.00 level so prominent for considering the upmove to begin maybe? other traders would say "look left! there is support" but you dont like support+resistance as we all know. on the "right" we are now "supported" by the uptrend trendline... means nothing. i know...
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Moving along fine to a nice high...any updates / targets? 19? And then? Thanks Anil.
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