Anticipated Entry Levels for XAG Swing Trade
Trend: Strong up
Wave:
- Five wave completed; plan to enter in pullback to .382 ret of bullish swing
- First ABC completed with an X count to the upside (preliminary ~ .618 of W); anticipate second ABC (Y)
- .382 ret of bullish swing is in confluence with .786 ext of W-X
Structure:
- .382 ret of bullish swing is in confluence with wave 4 of one degree smaller
Entry plan:
- Limit buy laddering from $23.05 - $22.32
SL:
- Manual
- Closing price on the daily below $22.95
Re-evaluate:
- Daily close above $27.7
Wave:
- Five wave completed; plan to enter in pullback to .382 ret of bullish swing
- First ABC completed with an X count to the upside (preliminary ~ .618 of W); anticipate second ABC (Y)
- .382 ret of bullish swing is in confluence with .786 ext of W-X
Structure:
- .382 ret of bullish swing is in confluence with wave 4 of one degree smaller
Entry plan:
- Limit buy laddering from $23.05 - $22.32
SL:
- Manual
- Closing price on the daily below $22.95
Re-evaluate:
- Daily close above $27.7
Note
Edit - SL:
- Manual
- Closing price on the daily below $22.75
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.