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

Formed excellent Corrective structure. bottomed at good price levels. One must try long with excellent money management.

Сделка активна:

Inside 17$, BTFD

Disclaimer : Trade your own plan.

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886 fib with bullish shark

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Ratios are still in favour for bullish shark. expecting to breach silver with strong impulse.

Refer bullish shark pattern here.
neoharmonics.com/neo...atSheetAndRatios.pdf

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Its still 3-3-5 expanding Flat, as mentioned in comment.

Refer here.
www.elliottwave.net/...ictenets/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.

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Pre FOMC cliffhanger.

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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.

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is it the silver lining that we are seeking ?

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Pattern Failed

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expect 4 downside. Soon
s3.amazonaws.com/tra...shots/p/P9CPSrtU.png

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ok we did 4 now up again