XAGUSD continues to move down. At the same time, signals appeared on the chart indicating a possible upward price reversal.
The current chart shows the Wolfe Wave pattern, which is a six-leg wave structure. Wave 5 is visible and the XAGUSD price is in the “Sweet Zone” marked in green. Typically, the ascending sixth wave begins here, which reaches the line built along the tops of waves 1 and 4.
The XAGUSD trade is better situated towards opening a long position strategy. Possible entry points include both current prices and retest levels of the designated resistance line.
📌 Entry: 71.172
✔️ First goal: 77.876
❌ Stop order: 70.120
