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Veejahbee

What's happening on Silver? Let's take a look via EW.

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Perak / Dollar A.S. (OANDA:XAGUSD)  
Veejahbee  
OANDA:XAGUSD   Perak / Dollar A.S.
Trend Analysis Chart Patterns Wave Analysis Silver silverlong XAG USD ( Silver / US Dollar) xagusdlong elliotwaveanalysis elliotwaveprojection elliotwavecount
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trendanalysis chartpattern waveanalysis silver silverlong xagusd xagusdlong elliotwaveanalysis elliotwaveprojection elliotwavecount
Silver breakout rally from wave ii low has been in a five-wave pattern. According to Elliot Wave theory, a three-wave pullback follows every impulse and that's what I'm expecting from XAGUSD right now.

The completion of the correction should set a stage for a significant rally in wave (iii).

See related ideas for long term Silver Elliot Wave setups I published a few weeks ago.

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