XAG/USD (SILVER) GOING UP FOR A SHORT TERM RECOVERY
XAG/USD (SILVER) is going up-side for a short-term recovery for wave b of the 5th wave as an ending diagonal (wedge pattern) on the 2nd wave. If the scenario is right we can go around $23 then we will go below the recent low of $21.79 ( if the 5th wave doesn't truncate).
Wave be must probably go as a zigzag (5-3-5) patter but it is not necessary it can make a complex correction, flat or a triangle as well so need to be very careful on price action.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only.
All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#XAG/USD #SILVER #ELLIOTTWAVE
Wave be must probably go as a zigzag (5-3-5) patter but it is not necessary it can make a complex correction, flat or a triangle as well so need to be very careful on price action.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only.
All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#XAG/USD #SILVER #ELLIOTTWAVE