XAGUSD Primary Triple Zigzag to End Near 28.74

From orbex.com

The XAGUSD structure suggests the development of a cycle triple zigzag w-x-y-x-z. In this chart, we see the final part of the bearish wave y. There is an assumption that in the second half of December, the price reached a peak, which means that the formation of the wave y has completely ended. 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. Consequently, in the upcoming trading weeks, we can expect an upward price movement and the development of a cycle intervening wave x. This wave can take the form of a primary triple zigzag. Most ... (full story)