XAGUSD: An Intermediate Impulse Wave (Y) Has Started.

<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30095021/Elliott-Wave-11.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Elliott Wave" decoding="async" loading="lazy" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30095021/Elliott-Wave-11.webp 750w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30095021/Elliott-Wave-11-300×172.webp 300w" sizes="(max-width: 750px) 100vw, 750px" /></div><p><a href="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094859/XAGUSD1-1.webp"><img decoding="async" loading="lazy" class="aligncenter wp-image-204267 size-full" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094859/XAGUSD1-1.webp" alt="Chart of XAGUSD" width="1200" height="627" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094859/XAGUSD1-1.webp 1200w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094859/XAGUSD1-1-300×157.webp 300w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094859/XAGUSD1-1-1024×535.webp 1024w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094859/XAGUSD1-1-768×401.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></a></p>
<p>In the long term, XAGUSD seems to be forming a corrective trend consisting of cycle waves w-x-y-x-z.</p>
<p>At the time of writing, an intervening wave x is being constructed, taking the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree.</p>
<p>The primary wave Ⓩ is under development. Perhaps this wave will be a standard intermediate zigzag, where the impulse and correction have already been completed.</p>
<p>In the next coming days, an increase in (C) is expected approximately to 27.929, where the primary waves Ⓩ and Ⓨ will be equal. Wave (C) is marked as a minor impulse.</p>
<p><a href="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094919/XAGUSD2-1.webp"><img decoding="async" loading="lazy" class="aligncenter wp-image-204268 size-full" src="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094919/XAGUSD2-1.webp" alt="Chart of XAGUSD" width="1200" height="627" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094919/XAGUSD2-1.webp 1200w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094919/XAGUSD2-1-300×157.webp 300w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094919/XAGUSD2-1-1024×535.webp 1024w, https://assets.iorbex.com/blog/wp-content/uploads/2023/06/30094919/XAGUSD2-1-768×401.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></a></p>
<p>However, the development of the intermediate wave (B) may continue. Alternatively, it looks like a double zigzag, in which the sub-waves W and X are completed.</p>
<p>In the near future, a decrease is expected in the final actionary wave Y. Wave Y may take the form of a minute zigzag ⓐ-ⓑ-ⓒ.</p>
<p>It is assumed that the entire intermediate correction (B) will be equal to 76.4% of impulse (A), and will end near 21.350.</p>
<p>The post <a rel="nofollow" href="https://www.orbex.com/blog/en/2023/06/xagusd-an-intermediate-impulse-wave-y-has-started">XAGUSD: An Intermediate Impulse Wave (Y) Has Started.</a> appeared first on <a rel="nofollow" href="https://www.orbex.com/blog/en">Orbex Forex Trading Blog</a>.</p>