According to the date range on MCX Silver daily chart, it's changing the trend after every 46 bars.
If silver does not crossover 88.60% of fib retracement before completing 46 bars, we may expect a downtrend ahead. It can collapse up to 61000 to 55765.
Here, targets for intraday traders: 67500 - 65600 - 63660.
Or if it breaks the 88.60%, then silver will make a new high. And it will start raising & hit the following levels: 75000 - 77000 - 80000+.
If silver does not crossover 88.60% of fib retracement before completing 46 bars, we may expect a downtrend ahead. It can collapse up to 61000 to 55765.
Here, targets for intraday traders: 67500 - 65600 - 63660.
Or if it breaks the 88.60%, then silver will make a new high. And it will start raising & hit the following levels: 75000 - 77000 - 80000+.
