Hi traders,
On this XAGUSD daily chart I have drawn three key points for this pair.
Cheers
On this XAGUSD daily chart I have drawn three key points for this pair.
- The lowest one is the 127.2% extension of the mid December to mid January move
- The middle one is the 141.4% extension of the mid December to mid January move combined with the 127.2% extension of the late January move
- The top one is the 161.8% extension of the mid December to mid January move combined with the 161.8% extension of the late January move
Cheers
Note
We can see price having some trouble breaking the lowest area, although I do expect a breakout to the upside.Note
Completed AB=CD pattern at the 161.8% Fibonacci extensions.Note
Nice reversal from the 161.8% Fibonacci extension
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.