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XAGUSD,Elliot Wave Analysis
8/29/2022 11:53 AMGrowth is possible.
On the daily chart, a downward correction of the higher level developed as the second wave (2), within which the wave C of (2) formed, and the third wave (3) started. Now, the first entry wave of the lower level i of 1 of (3) is developing, within which the wave (i) of i has formed, and a local correction has ended as the wave (ii) of i. If the assumption is correct, the XAG/USD pair will grow to the area of 22.47–25.40. In this scenario, critical stop loss level is 18.05.
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