XAGUSD (Silver) – Short set-up – Intermediate Waves ABC

Silver (XAGUSD) is drawing attention and showing considerable signs towards a Retracement with the Leading Diagonal finalizing close to Nov 9th ”brutal” Resistance. The Leading Diagonal is ending at the 100% Fibonacci Measurements of the 3rd Intermediate Wave (green), and at the 161.8% Fibs Extension measurement for the 3rd Minor Wave (black).
The 5th Minute Wave (pink) would commence as a 3-3-3 Structure and should be accompanied by a Bearish Divergence which could cause the Bearish Breach and then a Retest with the Flag. Intermediate ABC Correction (blue) for the Primary 2nd Wave would have a deep Correction towards the 61% Trend Fibonacci Retracement Levels and in the same time at the 38.2% Fibonacci Retracement of Intermediate Wave 3.

Aggressive Entry – 18.20
SL – 18.80
Conservative Entry – 18.36
SL – 19.00

TP1 – 17.35
TP2 – 17.00
TP3 – 16.70