XAG little to offer in short term for undisiplined
XAG with so many areas of confluence just below the current bump in price action I find it hard to believe that the powers that be are allowing this trade to run right now.
Areas for consideration;
*Daily 200MA
*61.8 Fib retracement support
*Final wave down for wave C
Lots of upside potential, patience is a virtue, look for a bounce in the aforementioned areas and reversal patterns for final upside of wave 5 targeting 100/161.8 extension of wave 1
Consider similarity to XAU which it follows.
Areas for consideration;
*Daily 200MA
*61.8 Fib retracement support
*Final wave down for wave C
Lots of upside potential, patience is a virtue, look for a bounce in the aforementioned areas and reversal patterns for final upside of wave 5 targeting 100/161.8 extension of wave 1
Consider similarity to XAU which it follows.