SILVER (XAGUSD) | The best area to fallðĨ
Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The wave count performed for the silver weekly time creates several movement scenarios, but in all of these scenarios an upward movement the size of wave (1) is confirmed in the current analysis.
In the current analysis, wave 1 consists of wave 5, probably 5 at higher times, and the valance is inside wave 2.
Wave 2 is inside wave a, and wave a forms its five waves in the form of five waves in the shape of a triangle, and wave 5 is located around the Fibonacci 0.38 or the lower side of the triangle.
To complete this wave 5, we will have a descent to the lower side of the triangle before the Fibonacci retracement of 0.618 or the range of 23,500, but this is normal.
And after this move, wave a ends and wave b starts, which corrects for a long time and in terms of correction up to Fibo 0.618, ie 25,600.
ðIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsð
âĪïļPlease, support this idea with a like and comment!âĪïļ
The wave count performed for the silver weekly time creates several movement scenarios, but in all of these scenarios an upward movement the size of wave (1) is confirmed in the current analysis.
In the current analysis, wave 1 consists of wave 5, probably 5 at higher times, and the valance is inside wave 2.
Wave 2 is inside wave a, and wave a forms its five waves in the form of five waves in the shape of a triangle, and wave 5 is located around the Fibonacci 0.38 or the lower side of the triangle.
To complete this wave 5, we will have a descent to the lower side of the triangle before the Fibonacci retracement of 0.618 or the range of 23,500, but this is normal.
And after this move, wave a ends and wave b starts, which corrects for a long time and in terms of correction up to Fibo 0.618, ie 25,600.
ðIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsð
âĪïļPlease, support this idea with a like and comment!âĪïļ
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