Anticipated Entry Levels for XAG Swing Trade
Updated
Trend: Strong up
Wave:
- Five wave completed; plan to enter in pullback to .382 ret of bullish swing
- First ABC completed with an X count to the upside (preliminary ~ .618 of W); anticipate second ABC (Y)
- .382 ret of bullish swing is in confluence with .786 ext of W-X
Structure:
- .382 ret of bullish swing is in confluence with wave 4 of one degree smaller
Entry plan:
- Limit buy laddering from $23.05 - $22.32
SL:
- Manual
- Closing price on the daily below $22.95
Re-evaluate:
- Daily close above $27.7
Wave:
- Five wave completed; plan to enter in pullback to .382 ret of bullish swing
- First ABC completed with an X count to the upside (preliminary ~ .618 of W); anticipate second ABC (Y)
- .382 ret of bullish swing is in confluence with .786 ext of W-X
Structure:
- .382 ret of bullish swing is in confluence with wave 4 of one degree smaller
Entry plan:
- Limit buy laddering from $23.05 - $22.32
SL:
- Manual
- Closing price on the daily below $22.95
Re-evaluate:
- Daily close above $27.7
Note
Edit - SL:
- Manual
- Closing price on the daily below $22.75
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