There is a pennant uncovered, the price requires a bit more consolidation for clear breakout confirmation.
A pennant represents an indicator that typically indicates an extension in the upward direction once price breaks above resistance.
It is likely that a bullish move to 52 will take place.
Silver: Descending Triangle
XAG/USD,
1 hour
LONG
Oct 27
As we can see a descending triangle is close to being completed.
When price breaks out, the resulting move could indicate a move up.
XAG/USD aims to complete a retracement to 23.1.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Feb 12
Silver: Pennant
XAG/USD,
1 hour
SHORT
Apr 26
We can see that a pennant is almost completed.
A pennant is a price pattern that typically signals a sharp decline in case if price breaks through the support.
It is not ruled out that a further bearish run to the 24.9 mark will occur while lower than 24.96.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Apr 19
As we can see a descending channel is detected, the price is breaking out.
In case if price breaks above resistance, the resulting move could spot a change in price direction.
XAG/USD to push up towards the 25.3 level once beyond 25.24.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Nov 3
There is a falling wedge recognized.
Once price breaks through the resistance, the move could signal a next move up.
XAG/USD does not rule out a move to the 22.9 zone once above 22.78.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Sep 30
A descending channel is recognized and the price is breaking out.
A descending channel is a useful bullish price action formation that typically identifies a move up in case if price breaks out.
It is possible that a bullish push up to 46.8 will be made as downside pressure alleviates.
Silver: Ascending Channel
XAG/USD,
4 hours
SHORT
Sep 5
There is an ascending channel discovered and the price requests a further bigger move as a verification of a breakdown.
An ascending channel denotes a specific signal that can be used to indicate an upward trend is about to reverse into an downward trend once price collapses through the support line.
A bearish run towards 24.4 is possible on a breakdown of the ascending channel.
Silver: Ascending Triangle
XAG/USD,
1 hour
LONG
May 31
There is an ascending triangle diagnosed and the price is going to break out soon.
An ascending triangle denotes a bullish price formation that is used to identify that prices are likely to keep rallying upward once price breaks above resistance.
A bullish price action to 23.4 stays on the cards.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Oct 11
As we can see an ascending channel is almost finished, XAG/USD asks for a more bearish action as an indication of a breakdown.
An ascending channel denotes a price action pattern with an upward bias that is used to spot that the price to go down once price breakdown occurs.
There is a probability of a rangebound towards the 22.1 mark.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
May 1
There is an ascending channel appearing.
An ascending channel often indicates a bearish price move when price collapses through the support line.
There is a probability of a bearish push down to 25.3 on a breakout of the ascending channel.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
May 26
There is a descending channel found, XAG/USD requests a next move as a sign of a breakout.
A descending channel provides a reliable price indicator that typically results in that the price to go up when price breaks out.
There is a possibility of a move to 23.1 on a breakout of the descending channel.
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Silver · XAG/USD