SILVER (XAGUSD) | The safest target to climb๐ฏ
Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The counting shows that in general a forward motion has been formed which may be for wave 1 or a and wave 2 or b, and now we have entered a new phase by breaking the channel related to the term.
This trend may be for wave 3 or c. However, we assume that these waves are related to wave-1, and that this wave 1 has completed its 1, 2, and 3 microwaves, and now that it is in the range of 26,500, it can be said that this prz range is a harmonic pattern. It has formed its 4th wave, this 4th wave is probably formed in the form of a zigzag and this zigzag breaks the black channel downwards and moves up to half of the blue channel and then prepares to form the 5th wave.
This analysis is just a possibility and has no validity.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
The counting shows that in general a forward motion has been formed which may be for wave 1 or a and wave 2 or b, and now we have entered a new phase by breaking the channel related to the term.
This trend may be for wave 3 or c. However, we assume that these waves are related to wave-1, and that this wave 1 has completed its 1, 2, and 3 microwaves, and now that it is in the range of 26,500, it can be said that this prz range is a harmonic pattern. It has formed its 4th wave, this 4th wave is probably formed in the form of a zigzag and this zigzag breaks the black channel downwards and moves up to half of the blue channel and then prepares to form the 5th wave.
This analysis is just a possibility and has no validity.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ