Silver (XAGUSD) — D1 Potential Wave 3 Formation + Trendline Break (Bullish Continuation)
🔎 Market Structure (D1)
On the Daily timeframe, Silver is forming the technical prerequisites for a potential Wave 3 to the upside, confirmed by:
• a breakout of the corrective trendline (shift out of the correction)
• completion of the retracement phase (Wave 2) after the first impulsive leg
• support holding above the recent swing base (buyers defending the structure)
• early impulse behavior after the breakout (signs of acceleration potential)
The current price action fits a classic Elliott Wave impulse model, where Wave 3 begins once Wave 2 completes and price exits the corrective structure.
📐 Elliott Wave Context
• Wave 1: first impulsive move up (trend initiation)
• Wave 2: corrective pullback into structure
• Wave 3: potential impulsive expansion upward (current scenario)
📌 Key principle:
The bullish scenario remains valid as long as price holds above the low of Wave 2.
📍 Entry
Entry: 77.99778
The entry is positioned:
• near the post-breakout area
• inside the impulse activation zone
• where Wave 3 often starts expanding after confirmation
🎯 Target Levels (Wave 3 Projections)
Targets are derived from projected impulse expansion zones and key reaction levels:
TP1: 90.74343
TP2: 100.16412
TP3: 108.64274
TP4: 122.36796
Each target represents a potential reaction area and a logical level for partial profit-taking as Wave 3 develops.
🛑 Invalidation / Stop Loss
Stop Loss: 73.84160
📍 The stop is placed below the low of Wave 2, which:
• invalidates the Wave 3 bullish scenario if broken
• protects against continuation of the corrective/bearish structure
• follows Elliott Wave invalidation logic (Wave 2 low must hold for Wave 3)
🧠 Risk & Trade Management
Trend-following setup
Wave 3 can be the strongest phase, but volatility is common.
Recommended approach:
• partial profits at TP1 / TP2
• move stop to breakeven after strong continuation confirmation
• avoid adding risk before clear daily impulse expansion
• scale in only on pullbacks with confirmed support reaction
📌 Summary
XAGUSD on D1 shows a corrective trendline breakout and structural conditions for a potential Wave 3 to the upside.
The bullish scenario remains valid above 73.84160, with upside targets aligned to projected impulse expansion levels.
🔎 Market Structure (D1)
On the Daily timeframe, Silver is forming the technical prerequisites for a potential Wave 3 to the upside, confirmed by:
• a breakout of the corrective trendline (shift out of the correction)
• completion of the retracement phase (Wave 2) after the first impulsive leg
• support holding above the recent swing base (buyers defending the structure)
• early impulse behavior after the breakout (signs of acceleration potential)
The current price action fits a classic Elliott Wave impulse model, where Wave 3 begins once Wave 2 completes and price exits the corrective structure.
📐 Elliott Wave Context
• Wave 1: first impulsive move up (trend initiation)
• Wave 2: corrective pullback into structure
• Wave 3: potential impulsive expansion upward (current scenario)
📌 Key principle:
The bullish scenario remains valid as long as price holds above the low of Wave 2.
📍 Entry
Entry: 77.99778
The entry is positioned:
• near the post-breakout area
• inside the impulse activation zone
• where Wave 3 often starts expanding after confirmation
🎯 Target Levels (Wave 3 Projections)
Targets are derived from projected impulse expansion zones and key reaction levels:
TP1: 90.74343
TP2: 100.16412
TP3: 108.64274
TP4: 122.36796
Each target represents a potential reaction area and a logical level for partial profit-taking as Wave 3 develops.
🛑 Invalidation / Stop Loss
Stop Loss: 73.84160
📍 The stop is placed below the low of Wave 2, which:
• invalidates the Wave 3 bullish scenario if broken
• protects against continuation of the corrective/bearish structure
• follows Elliott Wave invalidation logic (Wave 2 low must hold for Wave 3)
🧠 Risk & Trade Management
Trend-following setup
Wave 3 can be the strongest phase, but volatility is common.
Recommended approach:
• partial profits at TP1 / TP2
• move stop to breakeven after strong continuation confirmation
• avoid adding risk before clear daily impulse expansion
• scale in only on pullbacks with confirmed support reaction
📌 Summary
XAGUSD on D1 shows a corrective trendline breakout and structural conditions for a potential Wave 3 to the upside.
The bullish scenario remains valid above 73.84160, with upside targets aligned to projected impulse expansion levels.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.