XAGUSD SILVER 3-3-3-3-3 TRIANGLE CORRECTIVE STRUCTURE (D)
Seeing a 3-3-3-3-3 Expanding Triangle corrective structure developing on the Silver (
XAGUSD
) Daily chart for long term upside. Corrective structures on this time frame can take up to 2.5 years, and this one is certainly tracking towards that kind of duration. We are currently progressing upwards within Wave D of the Triangle, while completing a Running Flat on the second wave of D. Expected nominal target of $31 before we start the last leg of the Triangle for a short term down on Wave E to around $21 nominal. We can expect the long term upside to take off perhaps by the tail end of Summer.
XAGUSD
) Daily chart for long term upside. Corrective structures on this time frame can take up to 2.5 years, and this one is certainly tracking towards that kind of duration. We are currently progressing upwards within Wave D of the Triangle, while completing a Running Flat on the second wave of D. Expected nominal target of $31 before we start the last leg of the Triangle for a short term down on Wave E to around $21 nominal. We can expect the long term upside to take off perhaps by the tail end of Summer.