A descending channel is nearing completion, the price demands a bigger bullish impulse as an indication of a breakout.
A descending channel is a pattern that predicts a next move up when price breaks above resistance.
XAG/USD is bullish and en route to 23 amid rising bets for the move.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Aug 18
We can see that the price completes a descending channel and the price expects a more bullish continuation for clear breakout confirmation.
A descending channel is a technical pattern with a downward bias that is used to indicate a bullish price action if price breaks through the resistance.
It is not ruled out that a bullish push up to the 22.9 mark will occur on a breach of 22.78.
Silver: Pennant
XAG/USD,
1 hour
SHORT
Mar 7
The price composes a pennant, the price is ready to break out.
Once price breakdown occurs, the move could spot a sharp decline.
XAG/USD set to extend its decline towards 21 amid rising bets for the move.
Silver: Descending Triangle
XAG/USD,
1 hour
SHORT
Feb 22
It looks like a descending triangle takes place, the price lacks a bigger correction as proof of a breakout.
A descending triangle suggests a bearish price formation that can be used to identify a move down if price breaks below support.
It is possible that corrective downside to 22.85 will occur on a breakout of the descending triangle as upside pressure alleviates.
Silver: Descending Triangle
XAG/USD,
1 hour
LONG
Jul 12
A descending triangle is close to being done and the price requests an active bullish move to confirm a breakout.
A descending triangle provides a useful price action pattern that spots that the price to go up once price breaks above resistance.
XAG/USD to move upward towards the 23.5 zone as XAG/USD resumes the upside.
Silver: Rectangle
XAG/USD,
1 hour
LONG
Oct 20
There is a rectangle materializing and the price breaks out.
A rectangle tends to be a bullish price pattern that spots a sharp rise if price breaks through the resistance.
A bullish price action to 23.3 is on the cards.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Nov 24
It seems like the price sets up a descending channel and the price is close to breaking out.
A descending channel provides a pattern that has a downward slope that typically indicates that the price to go long if price breaks above resistance.
XAG/USD to extend its rebound towards 23.9 as XAG/USD loses bearish momentum.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Mar 22
There is a falling wedge exposed and the price is about to break out.
A falling wedge is a specific bullish chart formation with a downward bias that is used to signal a next move up when price breaks out.
It is not ruled out that a bullish run to 22.6 will be made.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Jun 8
There is a descending channel observed and the price is ready to break out soon.
A descending channel is considered to be a useful indicator that can be used to predict the more likely potential of rising prices once price breaks above resistance.
XAG/USD points to the upside to 24 as XAG/USD resumes the upside.
Silver: Descending Triangle
XAG/USD,
4 hours
SHORT
Dec 28
There is a descending triangle taking place.
A descending triangle represents a bearish price pattern that signals that the price to go down when price breaks below support.
XAG/USD to extend the correction lower to 24.3 on a breakout of the descending triangle.
Silver: Rising Wedge
XAG/USD,
1 hour
SHORT
Jan 19
It seems like XAG/USD composes a rising wedge.
A rising wedge typically identifies a potential bearish reversal in price action once price breaks out.
It is possible that corrective downside towards 22.85 will form.
Silver: Ascending Channel
XAG/USD,
4 hours
SHORT
Jun 15
There is an ascending channel happening and the price breaks out.
In case if price breaks out, the resulting move could predict a bearish price action.
XAG/USD risks a move towards the 23.6 mark on impulse below 23.75.
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Silver · XAG/USD