Get started
Veejahbee

What's happening on Silver? Let's take a look via EW.

Long
Silver / U.S. Dollar (OANDA:XAGUSD)  
Veejahbee  
OANDA:XAGUSD   Silver / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Silver silverlong XAG USD ( Silver / US Dollar) xagusdlong elliotwaveanalysis elliotwaveprojection elliotwavecount
18
2
trendanalysis chartpattern waveanalysis silver silverlong xagusd xagusdlong elliotwaveanalysis elliotwaveprojection elliotwavecount
Silver breakout rally from wave ii low has been in a five-wave pattern. According to Elliot Wave theory, a three-wave pullback follows every impulse and that's what I'm expecting from XAGUSD right now.

The completion of the correction should set a stage for a significant rally in wave (iii).

See related ideas for long term Silver Elliot Wave setups I published a few weeks ago.

Related Ideas

Veejahbee
Silver Supernova Elliot Wave Setup
Veejahbee
Will Silver Reach $22 Per Ounce?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.