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UnknownUnicorn5158708

XAGUSD: Price Approaching Critical Zone. Watch for Reversal

Short
Silver / U.S. Dollar (FOREXCOM:XAGUSD)  
UnknownUnicorn5158708  
FOREXCOM:XAGUSD   Silver / U.S. Dollar
Fibonacci Elliott Wave Wave Analysis elliotwaveanalysis xagusdanalysis silveranalysis silverprediction xagusdforecast silverforecast
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fibonacci elliottwaves waveanalysis elliotwaveanalysis xagusdanalysis silveranalysis silverprediction xagusdforecast silverforecast
Hi Traders,

Silver has yielded a textbook double-three expanding flat. The key fibonacci levels for wave X (1.05 - 1.38) have been respected and I'm therefore expecting price to reverse from within the golden zone (0.50 - 0.618). The golden zone in this case will be the zone where wave B retraces wave A. As such such, what we're looking to trade is wave C and the target is within the blue box between 15.60 and 14.93.

Regards
Wave Theorist
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