Open:
High:
Low:
Close:
DESCENDING CHANNEL
Silver
XAG/USD
4H
A descending channel happens.
If price breaks out, the move could indicate a bullish price action.
Silver to resume its rise towards the 65 zone as risk reversal sheds bearish bias.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
There is a descending triangle noticed, the price is ready to break out now.
A descending triangle provides a technical price indicator that typically identifies that the price to go long when price breaks out to the the upside.
Silver to have better chances of advancing towards the 64 mark as bulls seeking a new high.
SYMMETRICAL TRIANGLE
Silver
XAG/USD
1H
There is a symmetrical triangle recognized and the price demands a further correction to confirm symmetrical triangle breakout.
A symmetrical triangle is considered to be a technical bearish price formation that is used to indicate an extension in the downward direction when price breaks out to the the downside.
A bearish continuation towards the 63 zone is about to happen.
DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel occuring, the price is close to breaking out soon.
A descending channel often identifies that the price to go long in case if price breaks above resistance.
A rangebound to the 64 mark is probable as silver looks bid.
BEARISH RECTANGLE
Silver
XAG/USD
1H
It looks like a bearish rectangle develops, the price is ready to break out soon.
A bearish rectangle is said to depict a price action pattern that is used to indicate the more likely potential of falling prices when price breaks down.
It is likely that a further rangebound towards 63 will take place on a downside break.
BEARISH FLAG
Silver
XAG/USD
1H
It seems like a bearish flag is almost completed.
A bearish flag can be thought of as a reliable bearish price action indicator that often spots a bearish move when price breaks through the support.
Silver to increase bearish potential to 63.5 as the commodity becomes bearish.
ASCENDING CHANNEL
Silver
XAG/USD
1D
It seems like an ascending channel is close to being completed.
When price breaks out, the resulting move could indicate a change in the prevailing trend.
There is a possibility of a bearish continuation to 64.
ASCENDING CHANNEL
Silver
XAG/USD
4H
It seems like an ascending channel has been revealed.
If price breaks through the support, the resulting move could indicate a bearish price move.
A bearish move towards 65 is going to happen on a breach of 66.2 as there is a chance of further weakness.
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel is spotted, the price is about to break out.
An ascending channel can be thought of as a compelling chart formation with an upward bias that typically indicates a pause in an uptrending market if price breaks down.
There is a chance of corrective downside to 66.5 on a breach of 66.6.
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.