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XAGUSD, Elliot Wave Analysis
2/27/2023 10:24 AMGrowth is possible.
On the daily chart, the downward correction of the higher level ended as the second wave (2), and the third wave (3) develops, within which the entry first wave of the lower level 1 of (3) forms. Now, the wave iii of 1 has formed, and a local correction is ending as the wave iv of 1. If the assumption is correct, the XAG/USD pair will grow within the wave v of 1 to the area of 24.58–26.00. In this scenario, critical stop loss level is 20.36.
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