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XAGUSD 16H: 20% correction SHORT/HOLD(SL/TP)(NEW)

Short
OANDA:XAGUSD   Silver / U.S. Dollar
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XAGUSD 16H: 20% correction SHORT/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: XAGUSD 16hour/candle chart review
::: very limited upside
::: final pump incoming befre DUMP
::: short-term bullish /more gains
::: HOWEVER heavy resistance overhead
::: 25/26 USD heavy resistance
::: get ready to SHORT from overhead
::: compression into rising wedge
::: previously broke down
::: expecting fresh wave of selling
::: BEARS will take over soon
::: lower risk setup is SHORT
::: get ready to SHORT HIGH later
::: once we hit resistance at 25/26
::: TP BEARS TP1 10% gains TP2 +20% gains
::: SHORT/HOLD setup with great risk:reward
::: BEARS TP FINAL is 20 USD
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: 25/26 reversal level to SHORT IT
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 20 USD fresh demand zone
::: 25/26 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS

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