Final Phase of Circle Wave 3 XAG/USD

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Final Phase of Circle Wave 3 XAG/USDSilver Spot (XAGUSD)FXOPEN:XAGUSDElliotXSolanaXAGUSD We’re currently in the final stages of Circle Wave 3, which has developed through a series of 1–2–3 structures and internal ABC corrections. Right now, we’re within the yellow count, moving from Wave 4 to Wave 5 – typically unfolding as an ABC structure. 🟡 Zooming In: Current Setup ✅ Wave A (of 4→5) is already complete – it formed as its own ABC 🔄 We’re currently transitioning from A → B 📈 A short-term move up is likely before a short entry targeting the final Wave C of 5 📏 Key Fibonacci Confluence Zone I’ve marked the 71% extension level in green – it aligns perfectly with my broader Fibonacci target zone, where we could see the highest volume come in My personal limit sell is at 37,700, inside this confluence zone 🛑 Stop-loss: 37,500 (below Wave 4) 🎯 Take-profit: Around 39,260, though this area could extend higher depending on momentum 💡 Trade Idea Summary A clean, simple setup: Look for upside push (Wave B) Set limit short in the Fib zone (green area) Watch for reversal into Wave C to complete Circle Wave 3 After that, I’ll be looking for mid- to long-term short setups 🔽