SILVER @ 26.67 FRESH WAVE UPDATE
• In my previous update I had alerted that below 21.90 silver will give break down & in that case upside 26.14 will become a base rest but silver fail to give the break down below 21.90 & moves above 26.14 which has changed all the wave formation.
• As per current wave formation from low of 21.94 till recent high of 27.18 silver has given a clean 5 waves up move which has given clear indication that silver is now ready for up move.
• Now downside 26.07/25.25/24.64/24$ levels will act as support zone & 21.94$ has become a new base support which one can use as pattern negation level (stop-loss)
• As long as silver is trading above 21.94$ now its larger trend remains buy on dips & given downside level will act as accumulation zone.
• As long as silver is above 21.94$ on a larger trend now its open for 40/46$ as next upside long term projection.
• In my previous update I had alerted that below 21.90 silver will give break down & in that case upside 26.14 will become a base rest but silver fail to give the break down below 21.90 & moves above 26.14 which has changed all the wave formation.
• As per current wave formation from low of 21.94 till recent high of 27.18 silver has given a clean 5 waves up move which has given clear indication that silver is now ready for up move.
• Now downside 26.07/25.25/24.64/24$ levels will act as support zone & 21.94$ has become a new base support which one can use as pattern negation level (stop-loss)
• As long as silver is trading above 21.94$ now its larger trend remains buy on dips & given downside level will act as accumulation zone.
• As long as silver is above 21.94$ on a larger trend now its open for 40/46$ as next upside long term projection.
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