XAGUSD : Look For Buy Setup at 17$, towards 19$.
Actualizado
Formed excellent Corrective structure. bottomed at good price levels. One must try long with excellent money management.
Operación activa
Inside 17$, BTFDDisclaimer : Trade your own plan.
Nota
886 fib with bullish sharkNota
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
Nota
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.
Nota
Pre FOMC cliffhanger.Nota
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.
Nota
is it the silver lining that we are seeking ?Nota
Pattern FailedNota
expect 4 downside. Soons3.amazonaws.com/tradingview/snapshots/p/P9CPSrtU.png
Nota
ok we did 4 now up again
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