Long

XAGUSD : Look For Buy Setup at 17$, towards 19$.

Updated

Formed excellent Corrective structure. bottomed at good price levels. One must try long with excellent money management.

Trade active

Inside 17$, BTFD

Disclaimer : Trade your own plan.

Note

886 fib with bullish shark

Note

Ratios are still in favour for bullish shark. expecting to breach silver with strong impulse.

Refer bullish shark pattern here.
neoharmonics.com/neoHarmonics/neoHarmonicsPatternsCheatSheetAndRatios.pdf

Note

Its still 3-3-5 expanding Flat, as mentioned in comment.

Refer here.
elliottwave.net/educational/basictenets/basics3.htm
In quotes:
"In a rare variation on the 3-3-5 pattern, which we call a running flat, wave B terminates well beyond the beginning of wave A as in an expanded flat, but wave C fails to travel its full distance, falling short of the level at which wave A ended. There are hardly any examples of this type of correction in the price record"

Irrespective of that C breached A making expanding flat than Regular flat.

Note

Pre FOMC cliffhanger.

Note

The extension of fall has almost violated all supports, hinges on last trend line.if this one breaks then 2016 low is in threat.

However, I would be holding my buy and look to average at lower levels. do needful as per your money management. I would keep posting all detailed views on this posted ideas. Stay aware.

Note

is it the silver lining that we are seeking ?

Note

Pattern Failed

Note

expect 4 downside. Soon
s3.amazonaws.com/tradingview/snapshots/p/P9CPSrtU.png

Note

ok we did 4 now up again

robus

Related publications

XAGUSD : Long Term Buy Setup at $15.3

by robus

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