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XAGUSD, Elliot Wave Analysis
9/12/2022 11:33 AMA fall is possible.
On the daily chart, a downward correction of the higher level develops as the second wave (2), within which the wave C of (2) forms. Now, the fifth wave of the lower level v of C of (2) is developing, within which the wave (iii) of v, and the local correction as the wave (iv) of v. If the assumption is correct, the XAG/USD pair will fall to the area of 17.00–15.80. In this scenario, critical stop loss level is 20.83.
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