Open:
High:
Low:
Close:
ASCENDING TRIANGLE
Silver
XAG/USD
1H
An ascending triangle is almost completed and the price is ready to break out.
An ascending triangle identifies a price action signal that predicts a move down if price breaks down.
There is a chance of a bearish move towards the 58 mark.
RISING WEDGE
Silver
XAG/USD
4H
A rising wedge appears.
A rising wedge depicts a price action formation that is used to identify a move down in case if price breaks out.
Corrective downside to 58 is going to happen on a downside break as bears look for entries.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
There is an ascending triangle turning up.
An ascending triangle depicts an indicator that signals a next move up once price breaks out to the the upside.
There is a possibility of a bullish move to the 59 mark.
FALLING WEDGE
Silver
XAG/USD
1H
A falling wedge has been revealed, the price requires a next steady bullish impulse as an indication of a breakout.
A falling wedge depicts a specific signal that can be used to indicate a downward trend is nearing its end once price breaks above resistance.
It is possible that a rangebound to 58 will be made on a upside break.
FALLING WEDGE
Silver
XAG/USD
1H
A falling wedge has been recognized.
A falling wedge is said to depict a specific chart formation that typically results in a move up if price breaks through the resistance.
It is possible that a move to the 57.5 level will take place while above 57.
ASCENDING CHANNEL
Silver
XAG/USD
4H
It looks like an ascending channel is very close to being completed.
An ascending channel typically predicts a move down once price breaks below support.
Silver to experience further corrective weakness towards 56 as silver failes to keep gains.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
There is an ascending triangle identified.
An ascending triangle is considered to be a bearish indicator that indicates a sharp decline when price breaks out to the the downside.
Silver set to extend its decline to the 57.5 level on a breakout of the ascending triangle.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
An ascending triangle happens.
An ascending triangle is a bearish chart pattern that is angled up that spots that the price to go short when price collapses through the support line.
Extra downside to the 58 mark looks possible on a breach of 58.3 as silver failes to keep gains.
ASCENDING CHANNEL
Silver
XAG/USD
4H
There is an ascending channel recognized, the price is ready to break out.
An ascending channel is believed to be a bearish price action indicator that is used to indicate a next move down when price breakdown occurs.
It is likely that a bearish run towards 56 will take place on a breakdown of the ascending channel.
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.