XAGUSD (Silver) - Short set-up - Intermediate Waves ABC
XAGUSD (Silver) is drawing attention and showing considerable signs towards a Retracement with the Leading Diagonal finalizing close to Nov 9th ''brutal'' Resistance. The Leading Diagonal is ending at the 100% Fibonacci Measurements of the 3rd Intermediate Wave (green), and at the 161.8% Fibs Extension measurement for the 3rd Minor Wave (black).
The 5th Minute Wave (pink) would commence as a 3-3-3 Structure and should be accompanied by a Bearish Divergence which could cause the Bearish Breach and then a Retest with the Flag. Intermediate ABC Correction (blue) for the Primary 2nd Wave would have a deep Correction towards the 61% Trend Fibonacci Retracement Levels and in the same time at the 38.2% Fibonacci Retracement of Intermediate Wave 3.
Aggressive Entry - 18.20
SL - 18.80
Conservative Entry - 18.36
SL - 19.00
TP1 - 17.35
TP2 - 17.00
TP3 - 16.70
The 5th Minute Wave (pink) would commence as a 3-3-3 Structure and should be accompanied by a Bearish Divergence which could cause the Bearish Breach and then a Retest with the Flag. Intermediate ABC Correction (blue) for the Primary 2nd Wave would have a deep Correction towards the 61% Trend Fibonacci Retracement Levels and in the same time at the 38.2% Fibonacci Retracement of Intermediate Wave 3.
Aggressive Entry - 18.20
SL - 18.80
Conservative Entry - 18.36
SL - 19.00
TP1 - 17.35
TP2 - 17.00
TP3 - 16.70
Trade closed: target reached