Time to TRIM your shorts in SILVER / XAGUSD?

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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.

15 ชั่วโมงที่ผ่านมา

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