#XAGUSD Elliott Wave Analysis
The correction is almost done. The structure shows us exactly where to look.
Silver is about to hand us a gift. 🎁
After that crazy ride from $122 → $61, price has climbed back up and parked itself just below our invalidation at $83.05. This is where the chop ends and the next move begins.
📉 The Setup:
Below $83.05 → the bearish count is alive. Be careful if price continues to go higher!
Expected path: a small push higher, then rejection.
Downside target: ~$68 zone. That's roughly 1000+ pips of potential.
🎯 This is the kind of "coiled spring" most traders will miss. They'll see the bounce and rush to buy the "recovery." We'll be waiting for the rejection candle instead.
📌 The setup isn't 100%! No setup ever is. What matters is knowing exactly where it fails ($83.05) and exactly where it pays ($68). That's the entire game.
Don't guess. Plan then trade. 🏄♂️
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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