XAG SILVER Neowave - Elliott Wave Theory Analysis (Medium Term)
Silver is forming a potential diametric structure in the medium term and the second phase of this structure has begun. The potential route I expect the price to follow is indicated in the image (with dotted lines).
The wave e of the diametric structure is estimated January 15, 2024. We can say that we will be in a bear market for the next 2 months. After that, the structure will be completed with the rise of f and the fall of g.
With the completion of the structure, I think we will enter a prolonged bull market. Maybe a short but sharp rise in time, or a market period spread over time... We will analyze this in the sequel.
Your support is important for me, I can say it is a source of motivation. So thank you for that.
The wave e of the diametric structure is estimated January 15, 2024. We can say that we will be in a bear market for the next 2 months. After that, the structure will be completed with the rise of f and the fall of g.
With the completion of the structure, I think we will enter a prolonged bull market. Maybe a short but sharp rise in time, or a market period spread over time... We will analyze this in the sequel.
Your support is important for me, I can say it is a source of motivation. So thank you for that.
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.