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.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.