Silver is trading within descending channel

From the start of the month may XAGUSD/Silver is in downward movement after forming a double top formation. Ever since this drop its forming clear descending channel. Within this bigger trend formation We can see some rising wedge formations which is indicating the upcoming bearish trend until this trend gonna breakout. The price is currently below 50% Fibonacci level. In Elliot wave analysis currently larger third way is under formation.

Transaction en cours:

Still trading within the rising wedge pattern

Trade fermée: ordre d’arrêt atteint:

Stop reached in this trade