XAGUSD – Breaks the flag formation to the downside

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Monthly: With the formation of an Ending wedge pattern, the long-term focus remains to the upside. A break of 16.06 and the measured move target is 21.13 Daily: A five wave pattern was completed at 16.21. This would suggest that the whole move lower from the 20th February is corrective. We are assessed as being in the AB=CD pattern lower. Fibonacci support levels are seen at 14.78 (61.8%) a...

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