XAG/USD: wave analysis

The pair is in a correction, a fall is possible.

On the daily chart, the first wave of the higher level (1) of 3 formed, and a downward correction develops as the wave (2) of 3, within which the wave C of (2) forms. Now, the first wave of the lower level i of C has formed, and the correctional wave ii of C has ended. If the assumption is correct, the price will fall to the levels of 22.68–20.49. In this scenario, critical stop loss level is 28.69.
Wave Analysis

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