XAGUSD (SILVER) ____ INCOMING BULLISH MOVE

Hello Traders,

I'd keep it simple.

On the weekly timeframe, you will notice that price formed a bullish CHOCH and in doing so, formed a W pattern.

Dropping into the daily chart, you will notice that last week, price printed a daily M pattern and is yet to see a retracement.

Price is currently reaching form the weekly order block which could cause it to commence the retracement for the daily chart M pattern.

If you don't understand my use of M & W patterns, I encourage you to learn more about it.

Follow me for more sound content.

Cheers,
Jabari