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XAGUSD, Elliot Wave Analysis
12/19/2022 10:25 AMThe price is in a correction and may grow.
On the daily chart, a downward correction of the higher level ended as the second wave (2), and the third wave (3) develops, within which the first entry wave of the lower level 1 of (3) forms. Now, the wave iii of 1 has formed, and a local correction is developing as the wave iv of 1. If the assumption is correct, the XAG/USD pair will grow to the area of 25.00–26.00. In this scenario, critical stop loss level is 21.82.
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