SILVER (MCX) @ 81485 WAVE UPDATE
From low of 51857 silver has stated its new bull cycle.
From 51857 to 78282 wave-1 completed.
From 78292 to 68854 wave-2 completed.
From low of 68854 wave-3 is in progress which is moving up by forming its own 5 sub waves.
From low of 68854 to 96493 wave 1st of 3rd completed.
From high of 96493 to low of 78270 wave 2nd of 3rd completed. (Here wave 2nd of 3rd retested the previous swing high of 78282 and formed a base. Which makes 78270 now new invalidation level (stop-loss)
And it seems from low of 78270 now wave 3rd of 3rd up move started and its projection coming around 109717 levels.
This view fails if SILVER breaks 78270 spot levels on closing basis & will have to re check the wave formation.
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