Wave_Theorist
Short

XAGUSD: Drop Towrads $15.00?

FOREXCOM:XAGUSD   Silver / U.S. Dollar
Hi Traders,

Price has just confirmed completion of the WXY zigazag with a bear impulsive move. This is just confirmation that we'll push towards $15.00, we don't yet have an entry to go short. A safe way to take short entries is to allow price to correct below the structure. Trade well and always apply risk management to protect you capital.

Regards,
Wave Theorist

Comments

Indeed leaning on short side is the way to go for midterm. My fibo analysis also churned out a 15.10 target before any midterm trend turn to bull will occur.

Reply
Wave_Theorist FiboTradeMasters
@FiboTradeMasters, Yes. After the drop I'm looking for a rally to the $20.00 region.
+1 Reply
FiboTradeMasters Wave_Theorist
@Wave_Theorist, Yes good chance that might happen. Will wait to see how my Fibo extensions pan out then and share with you. =)
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