XAGUSD - Metals Trading | Elliott Wave Structures I Q2 2019

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XAG/USD - Elliott Wave Outlook

Bullish Swings - Patterns:
ABC Swing in Primary X (purple)
Leading Diagonal in Intermediate (A) (blue)
Expanding Flat in Intermediate (B) (blue)
Ending Diagonal in Intermediate (C) (blue)

Bearish Swings - Patterns:
ABC Wedge Formation in Intermediate (A) (blue)

Next expected swing:
Bullish sequence in Intermediate (B) (blue)

Structure change:
A breach of the lower trend-line from the Ascending Channel could result in more weakness ahead

Comment:

XAGUSD needs to be monitored with this bullish swing.

Trade closed: target reached:

AMAZING SWING !

Comment:

I am now turning bearish on SILVER (XAGUSD)