XAGUSD — Wave 3 Breakdown Accelerates
The breakdown accelerated exactly as the larger degree count suggested. Wave 3 of (C) targeting the 1.618 extension.
Today? The breakdown accelerated exactly as the larger degree count suggested. Wave 3 of (C) is now targeting the 1.618 extension at 63.84240 and potentially the 2.618 at 51.61723.
While amateurs were buying every dip thinking it was "oversold," the structure was screaming bigger correction ahead.
The triangle pattern we tracked has resolved lower. No surprises here; just following the roadmap.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Elliott Wave analysis involves subjective interpretation. Always do your own research and manage your risk accordingly.
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