ew-forecast

Elliott Wave Analysis: SILVER UPDATE

OANDA:XAGUSD   Silver / U.S. Dollar
Hello traders and investors!

We want to update our silver chart from December 20 2021, where we mentioned and highlighted about that bigger ending diagonal pattern within wave C of a bigger A-B-C irregular flat correction.

As you can see, we are still moving within final wave "v" of C, which should be finished in three legs (a)-(b)-(c) and after recent corrective rally in wave (b), we could be now in final stages of wave (c) of "v" of C that can ideally stop in the 21-20 strong support zone and from where we will expect a bullish reversal.

All the best and have a nice weekend!
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Elliott Wave Service
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