The current XAGUSD structure suggests the development of a cycle triple zigzag w-x-y-x-z. On this chart, we can see the final part of the bearish wave y. There is an assumption that the price has reached a peak. In turn, this means that the formation of the wave y has come to an end. The cycle wave y took the form of a triple zigzag, where the last actionary wave Ⓩ is also a triple zigzag of a smaller wave level. Therefore, if the market has really completed a bearish trend, then in the next coming trading weeks we can expect an upward price movement, and the development of a cycle intervening wave x. Most ... (full story)