Open:
High:
Low:
Close:
ASCENDING TRIANGLE
Silver
XAG/USD
1H
As we can see silver sets up an ascending triangle, the price asks for a next bigger move as a clue of a breakout.
An ascending triangle suggests a compelling bullish price indicator that is used to signal that the price to go long once price breaks above resistance.
Silver does not rule out a move to 49.5.
FALLING WEDGE
Silver
XAG/USD
1H
As we can see a falling wedge is close to being done.
A falling wedge describes a compelling bullish price action indicator that typically spots a further move up once price breaks out.
A bullish run to the 48.5 level is on the cards.
FALLING WEDGE
Silver
XAG/USD
1H
A falling wedge forms and the price requests a strong move as a sign of a breakout.
A falling wedge identifies a further move up if price breaks out.
Silver violates bearish trendline towards 49 as the mood may improve.
ASCENDING CHANNEL
Silver
XAG/USD
1D
An ascending channel is close to being completed and the price needs a move for the certainty of breakout.
An ascending channel is considered to be a bearish price pattern that indicates a temporary interruption during a rising market in case if price breaks out to the the downside.
Silver to continue the dereciation trend towards the 45 zone on a breakout of the ascending channel.
ASCENDING CHANNEL
Silver
XAG/USD
4H
An ascending channel pops up.
An ascending channel depicts a reliable signal that often signals a move down in case if price breaks through the support.
Silver to push down towards the 50 zone.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
An ascending triangle is very close to being finished and the price is ready to break out now.
An ascending triangle is a technical signal that signals that the price to go down when price collapses through the support line.
Silver to drop towards the 52 zone as the commodity is at a brink of a bearish breakout.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel coming out.
An ascending channel depicts a specific chart pattern that typically results in a trend change to the downside once price breaks through the support.
It is likely that a bearish continuation to 52.5 will be made.
ASCENDING CHANNEL
Silver
XAG/USD
4H
We can see that an ascending channel is diagnosed and the price is close to breaking out now.
An ascending channel is considered to be a reliable bearish formation that has an upward slope that is used to identify a break in the price direction when price breaks through the support.
Silver looks south to 50 on a breach of 52.
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel is nearing completion.
An ascending channel often signals prices are likely to keep falling downward when price breaks through the support.
It is likely that a bearish push down towards 53.5 will take place.
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