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Home / Analysis / Forex Analysis / SILVER MCX BIG PICTURE SETUP (WEEKLY TF)

SILVER MCX BIG PICTURE SETUP (WEEKLY TF)

Market is correcting after completing a strong impulsive move. Currently, we are witnessing a probable ABC corrective structure unfolding.

🔍 Key Observations:
• Wave (III) seems completed with strong momentum
• Current move looks like a corrective A → B → C
• Price is heading towards a strong demand zone (135k – 160k range)
• This zone aligns with potential Wave (IV) completion

📉 Expectation:
A final push down to complete wave C inside the marked zone… followed by a strong bullish reversal.

📈 What Next?
If structure holds, we can expect the next impulsive move → Wave (V)
This could take silver to new highs in coming months

⚠️ Invalidation:
Break below the demand zone with structure failure

💡 Trading Approach:
Wait for confirmation in the demand zone
Don’t catch falling knives — let the market complete its story

Patience > Prediction
Best trades come after correction, not during chaos

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