MCX-SILVER 1HR SWINGSilver FuturesMCX:SILVER1!Fin_free_figt Mahi Tamil: ⚪ Chart Overview •Timeframe: 1 hour (each candle = 1 hour) •Instrument: MCX Silver Futures •Analysis Type: Elliott Wave + Head & Shoulders + Demand Zone ⸻ 🧩 1. Main Pattern — “Inverse Head and Shoulders” This chart clearly shows an Inverse Head and Shoulders formation — a bullish reversal pattern that forms after a downtrend. Structure: •Left Shoulder: Small dip and recovery (first low) •Head: Deepest low (main bottom — marked as “5”) •Right Shoulder: Higher low forming above the head (final dip) This pattern indicates buyers are coming back and preparing for an uptrend. ⸻ 🟢 2. Demand Zone At the bottom, a Demand Zone is marked — that’s the strong support area (where buying pressure is high). When price comes back to this zone (around where the right shoulder ends), buyers are expected to push the price up strongly. ⸻ 🔵 3. Elliott Wave Count You can see smaller wave counts (1–5) drawn inside both the down move and the current rising structure. •The first 1–5 downtrend shows completion of an impulsive fall. •After that, the current rising channel looks like a corrective wave (A). Then: •Price is expected to drop slightly to form wave (B) (back into demand zone). •After that, a big wave (C) rally is expected — marking the upside breakout. Mahi Tamil: 📈 5. Expected Movement (Summary) 1.Silver is forming an inverse head & shoulders bottom. 2.Currently completing right shoulder formation. 3.Price may dip slightly into the Demand Zone (to form wave B). 4.Then, a strong upward move (wave C) is expected — possibly a bullish breakout. ⸻ 🧭 6. Simplified Forecast Path 👉 Current: Slight drop toward ₹145,000–₹146,000 (Demand Zone) 👉 Then: Reversal and rally to ₹150,000+ (Wave C target) ⸻ 💡 In Short: •Pattern: Inverse Head & Shoulders → Bullish reversal •Support (Buy area): Demand Zone (right shoulder) •Next Move: Small fall → Strong rally •Confirmation: Break above “CHOCH” level confirms the uptrend