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ASCENDING TRIANGLE
Silver
XAG/USD
4H
There is an ascending triangle distinguished and silver calls for a bigger move to confirm ascending triangle breakout.
In case if price breaks out, the resulting move could predict a bullish move.
There is a chance of a rangebound towards the 96 level amid the commodity recovers from recent lows.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
There is a descending triangle distinguished, the price breaks out now.
A descending triangle denotes a compelling bullish formation that results in the more likely potential of rising prices in case if price breaks out to the the upside.
Silver to maintain its positive tone towards 91 as silver is at a brink of a bullish breakout.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
There is a descending triangle coming out.
In case if price collapses through the support line, the move could signal an extension in the downward direction.
It is not ruled out that a bearish continuation towards the 88 mark will take place.
PENNANT
Silver
XAG/USD
1H
There is a pennant taking place.
A pennant depicts a technical bearish pattern that indicates a move down when price breaks out to the the downside.
Silver does not rule out a move to the 88 level on a breach of 90.
DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel arising and silver requests a further active move as a sign of a breakout.
In case if price breaks through the resistance, the move could indicate that the price will rally further.
Silver to head to 94 on a break above 91.5.
ASCENDING CHANNEL
Silver
XAG/USD
4H
An ascending channel has been observed and silver wants a next bigger move as a sign of a breakdown.
An ascending channel often spots a change in the prevailing trend once price breaks down.
Silver to resume its downfall towards 85 on a breakout of the ascending channel as bears look for entries.
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel has been revealed and the price demands an active move for clear breakdown confirmation.
Once price breaks below support, the move could identify extending an downtrend.
Silver to extend the fall towards 88 while below 89.
BULLISH RECTANGLE
Silver
XAG/USD
1H
A bullish rectangle turns up.
A bullish rectangle identifies a bullish price move once price breaks out.
There is a possibility of a bullish push up towards the 86.5 mark on a breach of 86.2 as uptrend may continue.
ASCENDING CHANNEL
Silver
XAG/USD
1H
We can see that an ascending channel has been observed.
An ascending channel depicts a compelling bearish pattern that can be used to signal reversals in uptrends if price breakdown occurs.
Silver risks potential downside towards the 84 zone while below 85 as extra rangebound not ruled out.
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