XAGUSD recent wave
Updated
We got targets, color coded for your pleasure.
C=14.54
D=18.38
E=16.95
so,
resistance is at NT=19.36
our high probability targets are
N=20.79 and
V=19.81
With our most ambitious target for this move at
E=22.22
Don't confuse target E with point E of wave CDE.
You would do well to compare projected targets with previous highs/lows which may strengthen or weaken resistance zones.
Enjoy
C=14.54
D=18.38
E=16.95
so,
resistance is at NT=19.36
our high probability targets are
N=20.79 and
V=19.81
With our most ambitious target for this move at
E=22.22
Don't confuse target E with point E of wave CDE.
You would do well to compare projected targets with previous highs/lows which may strengthen or weaken resistance zones.
Enjoy
Note
The precious white metal has hit and is in the process of surpassing NT, the first target/projected resistanceNote
NT has been surpassed. V target has been hit.Note
V target has been surpassed. N target has been hit.This move looks stronk.
Trade closed: target reached
Our E target has been reached. This is quite an explosive movement for silver. We need more price structure to develop for us to properly guess what the next short term target may be, and the price appears to be going parabolic with few projected resistances. If you have leveraged positions, I would consider loosening them and looking for a reentry.
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