XAG SILVER Neowave - Elliott Wave Theory Analysis (Medium Term)

Silver is forming a potential diametric structure in the medium term and the second phase of this structure has begun. The potential route I expect the price to follow is indicated in the image (with dotted lines).

The wave e of the diametric structure is estimated January 15, 2024. We can say that we will be in a bear market for the next 2 months. After that, the structure will be completed with the rise of f and the fall of g.

With the completion of the structure, I think we will enter a prolonged bull market. Maybe a short but sharp rise in time, or a market period spread over time... We will analyze this in the sequel.

Your support is important for me, I can say it is a source of motivation. So thank you for that.
Chart PatternsdiametricpatternelliottwaveprojectionelliotwaveanalysisSilversilveranalysissilvershortsilversignalsTrend AnalysisWave AnalysisXAUUSDxauusdshort

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