On the XAGUSD I'm looking to enter long around the 15 mark. The chart is a bit messy, but what we have, is: AB=CD pattern (red lines) AB=CD=EF=GH pattern (blue lines)
I agree with you. WXY double zig zag completes at that level. + 786 + IMO the bull run of early 2016 was the 1st impulse and the level you states would be the second wave. Lines up perfectly with bottom of second wave from last primary cycle!
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@amags, Maybe a chart would explain it better :P. Care to share yours?