Open:
High:
Low:
Close:
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel arising and silver requires further active fall as a clue of a breakout.
When price breaks down, the resulting move could predict a sharp decline.
Silver to extend the fall towards 62 on a downside break as silver keeps the bid tone.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
It looks like an ascending triangle is close to being done and the price requires a more move as a clue of a breakout.
An ascending triangle describes a compelling price signal that can be used to predict a bullish move once price breaks out to the the upside.
Silver tests a move to 64.5 as silver becomes supported.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel taking place, the price is ready to break out now.
An ascending channel can be thought of as a bearish price indicator that is used to indicate a temporary interruption during a rising market in case if price collapses through the support line.
There is a probability of a bearish price action to 63 on a breakout of the ascending channel.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel exposed, the price requests a further bigger move as a signal of a breakdown.
An ascending channel identifies a bearish price move when price breaks through the support.
There is a chance of a bearish move towards 60 on a breakdown of the ascending channel.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel coming out, silver calls for a further bigger move as proof of a breakout.
An ascending channel signals a break in the price direction when price collapses through the support line.
There is a chance of corrective downside towards 60 as upside pressure alleviates.
DESCENDING CHANNEL
Silver
XAG/USD
1H
It seems like a descending channel is close to being complete.
A descending channel results in a move up when price breaks out to the the upside.
There is a probability of a bullish run to 58.6 on impulse above 58.4.
DESCENDING TRIANGLE
Silver
XAG/USD
4H
A descending triangle is very close to being completed.
A descending triangle is considered to be a bullish formation that is used to signal a sharp rise when price breaks out to the the upside.
A bullish price action towards the 59 mark is not ruled out.
SYMMETRICAL TRIANGLE
Silver
XAG/USD
1H
There is a symmetrical triangle spotted, the price is about to break out soon.
A symmetrical triangle represents a technical indicator that can be used to identify a sharp decline when price collapses through the support line.
Silver still risks a move to 57.8 on a breach of 58 as minor hurdle remains at 58.
PENNANT
Silver
XAG/USD
1H
A pennant is close to being done, the price is going to break out now.
Once price breaks out, the resulting move could predict that prices are likely to keep rallying upward.
It is not ruled out that a bullish price action towards 58.5 will take place.
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