XAGUSD : Look For Buy Setup at 17$, towards 19$.

تم تحديثه
Formed excellent Corrective structure. bottomed at good price levels. One must try long with excellent money management.
تم فتح الصفقة
Inside 17$, BTFD
لقطة

Disclaimer : Trade your own plan.
ملاحظة
886 fib with bullish shark
لقطة
ملاحظة
Ratios are still in favour for bullish shark. expecting to breach silver with strong impulse.
لقطة

Refer bullish shark pattern here.
neoharmonics.com/neoHarmonics/neoHarmonicsPatternsCheatSheetAndRatios.pdf
ملاحظة
Its still 3-3-5 expanding Flat, as mentioned in comment.
لقطة

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.
ملاحظة
Pre FOMC cliffhanger.
ملاحظة
The extension of fall has almost violated all supports, hinges on last trend line.if this one breaks then 2016 low is in threat.
لقطة
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.
ملاحظة
is it the silver lining that we are seeking ?
لقطة
ملاحظة
Pattern Failed
ملاحظة
ok we did 4 now up again
لقطة
buysetuppreciousmetalsSilverXAG USD ( Silver / US Dollar)XAUUSDGOLD/SILVER

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