XAGUSD Bearish
Triangles in elliot waves precedes final move before a correction or total change in the direction of price of an asset
This final move could be over now and silver headed for a correction or a complete change of direction. We identified the triangle in late Nov 2020 and predicted the last move to happen in the month of December. We were long for the whole month of Dec 2020. Luckily the price followed our prediction. It is also good to note that silver gets bullish every December and bearish every February -at least since 2015.
Coupled with this knowledge, we shall be bearish on silver the whole of February 2020.
Please note that this is by no chance a trading signal. A trading signal should be accompanied by actionable entry price, stop loss, take profit etc. This is purely for education/information purposes.
This final move could be over now and silver headed for a correction or a complete change of direction. We identified the triangle in late Nov 2020 and predicted the last move to happen in the month of December. We were long for the whole month of Dec 2020. Luckily the price followed our prediction. It is also good to note that silver gets bullish every December and bearish every February -at least since 2015.
Coupled with this knowledge, we shall be bearish on silver the whole of February 2020.
Please note that this is by no chance a trading signal. A trading signal should be accompanied by actionable entry price, stop loss, take profit etc. This is purely for education/information purposes.
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