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meszaros
Dec 3, 2019 8:57 PM

XAGUSD (silver) starts to climb... Long

SilverOANDA

Description

From the analysis it can be seen that the fractal sequences do not follow each other in amplitude of 1-2 or 2-1. But in the proportions above the fractal arrows. The point is that the next sequence of the exchange rate is not 1-2 but 1-2.25. This is an important factor. After all, the answer is not 2-1 but 2-0.75. Because exchange rate amplitude shifts higher by 0.25% ATR. This also marks the beginning of a stronger uptrend. In short, the current silver exchange rates are suitable for long positions.

Comment

False: After all, the answer is not 2-1 but 2-0.75.
Correct: After all, the answer is not 2-1 but 2.25-0.75.
It is because the wave sequence is shifted by 25% relative to ATR.
I apologize for the mistake.
Comments
Captain_Walker
Lots of people are not watching Silver. Some are attached strongly to Gold and BTC. However in terms of percentage gain per unit of cost of risk, I think Silver is in an excellent range. Of course many missed the recent best opportunity for re-entry when price hit near 16.50. Attachment to any one instrument is not a good idea.

We concur on projections using different methodologies. I am thankful for your excellent analysis.

meszaros
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