Continuing coverage of silver pt.2

FX:XAGUSD   Silver / U.S. Dollar
132 0 2
This is an addendum to my original chart, . The possibility of a wave-4 triangle seems like a good chance right now (I'll give it a 50/50 probability)
I've highlighted a possible path along with a target should this triangle materialize. The target incorporates the "alternate target" from my previous chart (Purple), but expands upon this target using the thrust height of the triangle, and the lower trend line from the alt target.

The MACD hooking higher, coupled with the lack of an impulsive move lower has me thinking the wave-4 is not yet complete.

Note that the triangle boundaries are approximated since it is currently lacking a C or D wave to draw proper trend lines , so the actual target may vary slightly but should still fall in the vicinity of where I highlighted with the lt             . blue triangle. This triangle becomes invalidated by a break of the recent $25.12 high, or the $18.90 low.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out