XAGUSD: Bearish Wolfe Wave pattern - Daily silver
A bearish Wolfe Wave has formed inside the channel for the Daily Silver chart.
Price should reach around 18.1 in a couple of weeks
There is regular time between all waves, and if we continue this time to match the trend line created by waves 1 and 4 we get point (6). This i where price should head to after completion of wave 5.
At point 6 I believe silver will start to come back up as it can't go much lower due to the cost of producing silver
Price should reach around 18.1 in a couple of weeks
There is regular time between all waves, and if we continue this time to match the trend line created by waves 1 and 4 we get point (6). This i where price should head to after completion of wave 5.
At point 6 I believe silver will start to come back up as it can't go much lower due to the cost of producing silver