There is a bullish rectangle coming out and the price is about to break out.
A bullish rectangle results in the bears have run out of steam once price breaks above resistance.
XAG/USD to grind higher to the 24.9 mark.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Oct 27
A falling wedge is almost done and the price requests a strong bullish continuation as an information of a breakout.
A falling wedge often predicts a change in the prevailing trend once price breaks above resistance.
XAG/USD is bullish and en route towards 23 on a breakout of the falling wedge as extra rangebound not ruled out.
Silver: Descending Triangle
XAG/USD,
1 hour
LONG
Mar 10
We can see that XAG/USD establishes a descending triangle, the price expects a more bullish action as a sign of a breakout.
In case if price breaks out to the the upside, the move could indicate a further move up.
XAG/USD points to the upside to 20.1 amid rising bets for the move.
Silver: Rectangle
XAG/USD,
1 hour
LONG
Apr 11
A rectangle is nearing completion.
A rectangle is considered to be a technical chart signal that often signals a move up when price breaks above resistance.
A bullish run towards 25.15 is on the way.
Silver: Descending Triangle
XAG/USD,
1 hour
LONG
Apr 4
There is a descending triangle discovered and the price is ready to break out now.
A descending triangle provides a bullish pattern that often signals an extension in the upward direction if price breaks out to the the upside.
XAG/USD is bullish and en route towards 24.2.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Oct 17
It looks like the price gives a falling wedge.
A falling wedge suggests a technical pattern that can be used to identify a sharp rise in case if price breaks above resistance.
A bullish continuation towards the 22.75 zone is about to happen.
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
Oct 31
There is an ascending triangle revealed and the price is breaking out.
An ascending triangle often signals a bearish price move in case if price breaks down.
XAG/USD tests a move towards 23.2 as upside pressure mitigates.
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
Feb 20
An ascending triangle is close to being completed.
An ascending triangle tends to be a reliable bearish price action indicator that can be used to indicate the more likely potential of falling prices in case if price breaks below support.
XAG/USD to turn bearish to 23.05 on a breach of 23.07 as the commodity nears 23.07 hurdle.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Jun 20
There is an ascending channel emerging, XAG/USD expects bigger pullback as a signal of a breakout.
An ascending channel is believed to be a reliable formation that spots a sharp decline if price breaks down.
There is a chance of decline towards 24 on a breakout of the ascending channel.
Silver: Rectangle
XAG/USD,
1 hour
LONG
Nov 14
A rectangle is almost completed.
A rectangle denotes a specific bullish price action signal that is used to signal an extension in the upward direction in case if price breaks through the resistance.
It is likely that a bullish move to 22.5 will happen.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Feb 15
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Nov 24
A descending channel materializes.
A descending channel describes a useful bullish price action indicator that is used to signal a bullish price move in case if price breaks through the resistance.
XAG/USD to turn bullish to the 24.1 zone.
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Silver · XAG/USD