XAGUSD (Silver) | Leading Diagonal Suggests a Corrective Rally Before Completing Higher-Degree Wave IV
"Price is the outcome. Structure is the cause."
After examining the weekly, daily, and now the 4-hour chart, the aggressive scenario continues to align with the rules and guidelines of the Elliott Wave Principle.
In this interpretation, the recent decline is counted as a Leading Diagonal following the 5-3-5-3-5 structural sequence. So far, the internal subdivisions remain consistent with the characteristics of a leading diagonal, suggesting that either one lower-degree wave remains before completion, or the pattern has already completed and the market is preparing for its next phase.
If this wave count is correct, the completion of Wave A should be followed by a short-term corrective rally, developing Wave B. Since Wave B may unfold in virtually any corrective form, this analysis focuses on identifying the highest-probability retracement zone rather than assuming a specific corrective pattern.
For that reason, the 38.2%, 50%, and 61.8% Fibonacci retracement levels are highlighted as the most likely region for Wave B to terminate.
Once Wave B is complete, the next expectation is the development of an impulsive Wave C, ultimately completing a classic Zigzag (5-3-5) correction. If this scenario unfolds as expected, it would also complete the higher-degree Wave IV correction.
Only after that larger correction is finished will the market be expected to resume its primary trend. Assuming the current wave count remains valid, the next advancing wave could initiate the continuation of the broader bullish cycle.
As always, this is not a price prediction. It is a structural roadmap developed through the rules and guidelines of the Elliott Wave Principle. As long as the invalidation level remains intact, this scenario stays valid and will be updated whenever new price data requires a reassessment.
Signature
"Price is the outcome. Structure is the cause."
Patterns whisper. I listen.
— Mr. Nobody 🎧📊
Silver Futures
May 17
Silver: Textbook Grand Supercycle Wave 3 Setup
Silver / U.S. Dollar
May 19
Title: Silver: The Silver Symphony in the Third Movement
Silver / U.S. Dollar
May 19
XAGUSD | 4H Wave Map — A Two-Layer Look at Structure
"Price is the outcome. Structure is the cause."
After examining the weekly, daily, and now the 4-hour chart, the aggressive scenario continues to align with the rules and guidelines of the Elliott Wave Principle.
In this interpretation, the recent decline is counted as a Leading Diagonal following the 5-3-5-3-5 structural sequence. So far, the internal subdivisions remain consistent with the characteristics of a leading diagonal, suggesting that either one lower-degree wave remains before completion, or the pattern has already completed and the market is preparing for its next phase.
If this wave count is correct, the completion of Wave A should be followed by a short-term corrective rally, developing Wave B. Since Wave B may unfold in virtually any corrective form, this analysis focuses on identifying the highest-probability retracement zone rather than assuming a specific corrective pattern.
For that reason, the 38.2%, 50%, and 61.8% Fibonacci retracement levels are highlighted as the most likely region for Wave B to terminate.
Once Wave B is complete, the next expectation is the development of an impulsive Wave C, ultimately completing a classic Zigzag (5-3-5) correction. If this scenario unfolds as expected, it would also complete the higher-degree Wave IV correction.
Only after that larger correction is finished will the market be expected to resume its primary trend. Assuming the current wave count remains valid, the next advancing wave could initiate the continuation of the broader bullish cycle.
As always, this is not a price prediction. It is a structural roadmap developed through the rules and guidelines of the Elliott Wave Principle. As long as the invalidation level remains intact, this scenario stays valid and will be updated whenever new price data requires a reassessment.
Signature
"Price is the outcome. Structure is the cause."
Patterns whisper. I listen.
— Mr. Nobody 🎧📊
Silver Futures
May 17
Silver: Textbook Grand Supercycle Wave 3 Setup
Silver / U.S. Dollar
May 19
Title: Silver: The Silver Symphony in the Third Movement
Silver / U.S. Dollar
May 19
XAGUSD | 4H Wave Map — A Two-Layer Look at Structure
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.