Open:
High:
Low:
Close:
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel arises, the price is breaking out.
An ascending channel can be thought of as a bearish price signal that can be used to indicate a change in price direction once price breaks down.
Silver pulls back to 60.5 on a breakdown of the ascending channel amid rising bets for the move.
BULLISH FLAG
Silver
XAG/USD
1H
There is a bullish flag discovered and the price is breaking out.
A bullish flag depicts a compelling signal that predicts a move up once price breaks through the resistance.
Silver to resume its rise to 62 on a breakout of the bullish flag.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
A descending triangle is uncovered, silver needs strong rise as a signal of a breakout.
A descending triangle is considered to be a signal that typically results in a move up if price breaks out.
Silver looks north towards the 61.5 mark on a break above 61.1 as silver becomes bid.
FALLING WEDGE
Silver
XAG/USD
4H
A falling wedge has been uncovered and the price is breaking out.
A falling wedge identifies a specific bullish chart pattern that is angled down that typically results in extending an uptrend when price breaks out to the the upside.
It is possible that a move to 63 will be made as bulls looking for profit.
BEARISH RECTANGLE
Silver
XAG/USD
1H
We can see that a bearish rectangle has been determined and the price wants bigger pullback for the certainty of breakdown.
A bearish rectangle depicts a useful bearish indicator that predicts a bearish price move if price breaks down.
Silver to extend its slide towards 60.
RECTANGLE
Silver
XAG/USD
1H
Silver shows a rectangle, silver requires a bit more consolidation as evidence of a breakout.
A rectangle denotes a bullish price formation that is used to spot an extension in the upward direction once price breaks above resistance.
There is a possibility of a rangebound towards the 61.6 level on a breakout of the rectangle as the wind continues blowing in favor of silver.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
As we can see a descending triangle is found and silver expects a steady move as a clue of a breakout.
A descending triangle depicts a useful chart formation that typically results in the bears have run out of steam if price breaks above resistance.
It is not ruled out that a bullish continuation to 61.4 will take place.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
Silver builds an ascending triangle, silver requests a more move as a verification of a breakdown.
Once price breaks out, the resulting move could spot an extension in the downward direction.
Silver tests a move towards 60.6 as silver becomes bearish.
SYMMETRICAL TRIANGLE
Silver
XAG/USD
1H
It seems like a symmetrical triangle emerges and the price is about to break out.
If price breaks through the resistance, the move could indicate a bullish price move.
Silver aims to complete a retracement to 61.4 as indicators turn bullish.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.