XAG/USD: wave analysis
The pair is in a correction, a fall is possible.
On the daily chart, the first wave of the higher level (1) of 3 formed, and a downward correction develops as the wave (2) of 3, within which the wave C of (2) forms. Now, the first wave of the lower level i of C has formed, and the correctional wave ii of C has ended. If the assumption is correct, the price will fall to the levels of 22.68–20.49. In this scenario, critical stop loss level is 28.69.
On the daily chart, the first wave of the higher level (1) of 3 formed, and a downward correction develops as the wave (2) of 3, within which the wave C of (2) forms. Now, the first wave of the lower level i of C has formed, and the correctional wave ii of C has ended. If the assumption is correct, the price will fall to the levels of 22.68–20.49. In this scenario, critical stop loss level is 28.69.
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