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XAGUSD, Elliot Wave Analysis

8/9/2022 11:11 AM

Growth is possible.

On the daily chart, a downward correction of the higher level formed as the second wave (2), within which the wave C of (2) formed. Now, the third wave (3) has formed, within which the first entry wave of the lower level (i) of i of 1 of (3) is developing. If the assumption is correct, the XAG/USD pair will grow to the levels of 22.47–25.40. In this scenario, critical stop loss level is 18.27.







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