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BEARISH RECTANGLE
Silver
XAG/USD
4H
There is a bearish rectangle spotted, the price is ready to break out soon.
A bearish rectangle can be thought of as a pattern that can be used to predict extending an downtrend when price breaks out to the the downside.
There is a probability of a further bearish move towards the 55.5 mark on a breach of 55.8.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
There is an ascending triangle taking place, the price is going to break out.
An ascending triangle tends to be a bearish pattern that indicates a sharp decline once price breaks down.
Silver set to accelerate its decline towards 56.5.
FALLING WEDGE
Silver
XAG/USD
1D
We can see that a falling wedge is very close to being finished.
A falling wedge represents a technical price action indicator that indicates a bullish move when price breaks out to the the upside.
Silver risks a move to 60 as silver becomes bid.
DESCENDING TRIANGLE
Silver
XAG/USD
4H
The price completes a descending triangle, silver requests a next steady impulse up as a clue of a breakout.
If price breaks out, the resulting move could identify a bullish move.
There is a probability of a bullish move to 59.
PENNANT
Silver
XAG/USD
1H
We can see that a pennant is close to being done.
A pennant tends to be a compelling bullish price action signal that typically results in a bullish price action once price breaks out to the the upside.
A rangebound towards the 58 zone looks likely on a upside break.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel occuring, the price calls for a correction as evidence of a breakdown.
An ascending channel identifies a countertrend succeeding the current trend if price collapses through the support line.
Silver to turn bearish towards 57 on a breach of 57.3.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel diagnosed, the price is about to break out.
An ascending channel provides a compelling formation that indicates a break during an uptrending market when price breaks out to the the downside.
Silver to extend its setback towards the 57 mark.
BULLISH FLAG
Silver
XAG/USD
1H
A bullish flag is almost done.
A bullish flag often spots an interruption of a downtrend if price breaks out to the the upside.
A bullish run to 58 is about to happen as downside pressure mitigates.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
There is an ascending triangle discovered and the price expects a bearish impulse to confirm a breakdown.
An ascending triangle denotes a reliable bearish signal that typically results in a move down in case if price breaks out to the the downside.
Silver set to extend its decline towards 57.4.
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