meszaros

XAGUSD (Silver) Slight correction after rising...

OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD ( Silver ) Slight correction after rising. The exchange rate moves in a rising wave sequence. The analysis shows that the first fractal can be copied. You can also see that the bottom of the second fractal shifted slightly down. Blue wave rectangles indicate this wave shift. I do not expect the departure correction to be greater than that indicated by the yellow square. If my analysis is correct, the target price for the exchange could be 19.268usd. I treat this level as my primary target price. This means I use a target price tracking strategy when I reach the level. This is due to the increased possibility that the exchange rate may rise further. I do not want to miss this further rise.

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