SILVER-Wedge in Wave c of X) and then to 28.5 for Y) ?...from nmkvijay

nmkvijay

08 Jul 2023, 16:08 · Views 226

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SILVER-Wedge in Wave c of X) and then to 28.5 for Y) ?

Market Commentary:

1. Looking for a wedge formation in wave C of X) as i shown and low to 21.750 near by.

2. Once the wave X) completed i am expecting wave Y) will reach to the previous high.

3. Wave Y) having 3 waves inside a,b,and c as i shown here. So place STOP according to that.

4. Stop and invalid @19.900 for the target 28.5. There is a good RR if you enter @ 21.8 nearly 3.5 RR.

DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS

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Appreciated by readers — Received a total of 100 in tips.

USDSGD: Target for c) of (B) is 1.2788 below. #OPINIONLEADER# #USDollar# #ForexForecast# #ForexEducation# Market Commentary: 1. Still one more 5 waves as a bearish impulse to reach 1.2788 and below as i shown here. 2. The 5 waves impulse from the low 1.2788 is the wave C) of 4) as i shown here and the 3 wave structure for a corrective waves. 3. Wave 4) is a irregular flat correction pattern and one more wave 5) to complete the wave (b) in 5) wave structure. 4. Target is below the wave 3) i.e., 1.2750 approx. but it will break that 1.2788.

nmkvijay