TRIANGLE breakout in SILVER (XAGUSD)

11 oct. 2023

Elliott wave analysis:-

View 1:-

if it is a BULLISH triangle then it will break upside and the entire pattern next to w) wave is TRIANGLE X) Pattern.

View 2:-

If X wave was flat correction then a) wave was completed and b) wave was a BEARISH triangle and C wave has to break downside and the target will be same size of a) wave.

i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.

11 oct. 2023

Note

View 1 had took place. Triangle had formed and breakout was happened. Either it have completed 5 wave in wave 1 or entire 5 wave was almost over. We need to wait and watch the wave formation.

12 oct. 2023

Note

Triangle/ Running flat formation has been formed. We have to look carefully the wave formation on coming days.