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

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Formed excellent Corrective structure. bottomed at good price levels. One must try long with excellent money management.
Trade ist aktiv
Inside 17$, BTFD
Snapshot

Disclaimer : Trade your own plan.
Anmerkung
886 fib with bullish shark
Snapshot
Anmerkung
Ratios are still in favour for bullish shark. expecting to breach silver with strong impulse.
Snapshot

Refer bullish shark pattern here.
neoharmonics.com/neoHarmonics/neoHarmonicsPatternsCheatSheetAndRatios.pdf
Anmerkung
Its still 3-3-5 expanding Flat, as mentioned in comment.
Snapshot

Refer here.
elliottwave.net/educational/basictenets/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.
Anmerkung
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.
Snapshot
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.
Anmerkung
is it the silver lining that we are seeking ?
Snapshot
Anmerkung
Pattern Failed
Anmerkung
ok we did 4 now up again
Snapshot
buysetuppreciousmetalsSilverXAG USD ( Silver / US Dollar)XAUUSDGOLD/SILVER

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