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XAGUSD: Bearish Wolfe Wave pattern - Daily silver

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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

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.