Trading Idea Silver(Update 2)

Dear All,
                   In last update we told you that .......if silver trade below 61400 we can see Huge sell off ...but silver made low of 61510 and then bounce sharply and hit 63633 ........Now what next ..

This trade idea is based on assumption that we have completed Wave e of Wave B and now will go down for Big C ....and completed wave 1 or A down and Moving up for wave B or 2 ....Is still B up on or we can go down lets analyze the price action....


From Following charts its clear that trend is up till we hold 62900  ..........if we break and close  below 62900 than we can see huge sell off .

Aggresive trader can sell Now between 63600---63000 with stoploss of 64000 .

Conservative trader wait for close below 62900 and then go short ......

Imp : Till 62900 hold  more upside is possible.


For Live trading calls Kindly Send me mail to abhaycfa10@yahoo.co.in

Thanks & Regards
Abhay Mehrotra