XAGUSD Daily - bearish Max butterfly
Updated
Hello.
Silver just completed the Max butterfly pattern so it can start its corrective wave. The target I showed on the chart is first and not final, It depends on the candlestick patterns there.
If price breaks that level, next target is 14.5$ and if it won't you can expect another bullish move afterward.
I'll Share my trading Idea about silver when the price hit the first target.
P.S: if silver wouldn't make a bearish move, you can expect the price will meet 15.5 eventually.
Silver just completed the Max butterfly pattern so it can start its corrective wave. The target I showed on the chart is first and not final, It depends on the candlestick patterns there.
If price breaks that level, next target is 14.5$ and if it won't you can expect another bullish move afterward.
I'll Share my trading Idea about silver when the price hit the first target.
P.S: if silver wouldn't make a bearish move, you can expect the price will meet 15.5 eventually.
Trade closed: stop reached
Update on this analysis:
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