XAGUSD | Wave analysis of the ticker

#XAGUSD. I’m in the position.

#XAGUSD. I’m gaining a position by limit orders on a small volume.

A year ago I predicted the end of the downward zigzag and an upward movement into the 30+ area (https://t.me/eightyninewaves/3103). So far, the forecast has only been half realized – silver has indeed been rising all year, but it’s still not reached the targets a bit. And this is a sure sign of the zigzag complication into a triangle, which I wrote about a month ago (https://t.me/eightyninewaves/3780). And during this month the triangle could be completed, so I’ll start to take longs from Monday. The trading plan is on the chart.

Due to the stop on the hourly TF (https://t.me/eightyninewaves/3001), I decided to revise the calculation on the daily TF (https://t.me/eightyninewaves/3719). Now on silver I’m leading a triangle in the wave (X) of [3] instead of the series of 1-2 waves.

While the structure suggests waiting for entry points, probably strong growth will start with the big crisis in America, but it will be after the historical highs on SPX.

#XAGUSD. Stop-loss on the last entry, I’ll revise the labelling tomorrow.

#XAGUSD. I confirm the relevance of the silver’s trading plan.

#XAGUSD. I’ll be adding to silver again today.

#XAGUSD. We are just waiting for now on silver.

#XAGUSD. Long. I’m waiting for growth.

#XAGUSD. I bought more silver on a falling.

#XAGUSD. There is a growth, as planned.

#XAGUSD. Silver rolled back, you can go long.

#XAGUSD. Silver seemed to roll back well, I need to think about buying – I’ll write.

Made some changes to the count on the 4 hour timeframe. I switched from series of 1-2 waves to the leading diagonal [i] (https://t.me/eightyninewaves/3655). Otherwise, everything is unchanged – I’m waiting for a rise into the blue area in the short term and above $50 in the medium term.

Silver continues to be one of the most interesting assets for both saving (small amounts) and speculation, which is why I update it here every 17th.

#XAGUSD. I don’t see upside series of 1-2 waves on silver yet, I’m waiting.

#XAGUSD. For silver, I’m developing a diagonal count – I’ll write in the next updates what I’ve come up with.

The growth, which I indicated to you on October 17 (https://t.me/eightyninewaves/3143), on January 17 I told you about the correction in the wave [ii] and shorted into it (https://t.me/eightyninewaves/3303), and on February 17 and wrote here about the successful trade and flipped into the longs (https://t.me/eightyninewaves/3393). On April 17 I wrote “soon it will be time to fix the longs” (https://t.me/eightyninewaves/3504).

And already in May we gained the previously closed volume again, as we managed to predict the flat in the wave (ii) accurately (https://t.me/eightyninewaves/3604). Now this forecast slowly started to come true again.

P.S. It is unlikely you will find another analyst who updates the asset on certain dates each month, and moreover trades this analytics and shows trades in an open telegram channel.

#XAGUSD. Well, what if there is expanding leading diagonal? =) If seriously, I’m just waiting for the growth based on the higher degrees. The structure of the small degrees is not clear, yet.

#XAGUSD. Silver shows clearly for the umpteenth time that high degrees are decisive.

#XAGUSD. The structure of the small degrees is not very amenable to analysis yet, but I expect growth on the high degrees.