I believe XAG has finished the blue ((c)) of green (iv) with an ending diagonal, and now doing the first 1-2 of the green (v) wave of gray ((c)).
The price might do a very small retrace to 31.12 before starting a 3rd wave down.
I believe the green (v) is going to the green box area at 28.15 - 27.40 area.
But I actually have a weekly trendline lower down, which the price might want to go won and test, which also fits with the idea that the (v) wave could go all the way to the 100% Fiblevel of (i)+(iii) level.
This would mean the price would probably test the 25.0 level.
The price might do a very small retrace to 31.12 before starting a 3rd wave down.
I believe the green (v) is going to the green box area at 28.15 - 27.40 area.
But I actually have a weekly trendline lower down, which the price might want to go won and test, which also fits with the idea that the (v) wave could go all the way to the 100% Fiblevel of (i)+(iii) level.
This would mean the price would probably test the 25.0 level.
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