XAG target 14.5$

Hello followers!


Here is my first publication of my charts.


I see in XAG a Big Descending triangle formation and the E wave is a complex one because it is a triangle in a triangle. This is allowed and its common behavior on XAG.

If we take the thrust of the Big triangle, we have a target for 14.5$ an ounce.


I think we finnished a 5 waves down for the 1 and are now correcting for the 2




For me i am not trading this. Just waiting for the bottom is in to fill a bag of it

Komen:

Komen:

Also if you look at the E of the triangle, it "overshoots"

That is very common for the E wave of a triangle