XAGUSD 1H: Anticipating a Running Flat for Wave (Y)

After reviewing the latest data, it looks like we might fall short of the bearish target in the previous update. However, we’re still expecting the price to reach the mid-channel point, aligning with the 0.764 retracement level, to complete Wave B at 69.449.

From there, Wave Y is estimated to finish around the 0.236 level at 83.274. Expecting one more pushdown to complete the internal Wave B.

XAG/USD Elliott Wave analysis showing a Running Flat pattern for Wave (Y), with an expected pushdown to complete internal Wave B at 69.449 and Wave Y finishing around the 0.236 retracement level at 83.276.
XAG/USD Elliott Wave analysis: Anticipating a Running Flat for Wave (Y), expecting one more pushdown to complete internal Wave B at 69.449, with Wave Y estimated to reach the 0.236 level at 83.276.
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