A descending channel forms and XAG/USD calls for a next strong move as evidence of a breakout.
A descending channel is a price action signal that is used to signal price heading to a new direction if price breaks through the resistance.
A bullish price action towards the 23.1 mark looks likely on a breach of 23.
Silver: Bullish Flag
XAG/USD,
1 hour
LONG
Nov 24
There is a bullish flag turning up, the price needs a move for clear breakout confirmation.
A bullish flag is said to depict a pattern with a downward bias that is used to spot an extension in the upward direction if price breaks above resistance.
There is a probability of a bullish price action towards 23.9.
Silver: Pennant
XAG/USD,
1 hour
LONG
Jan 23
The price gives a pennant, the price is going to break out.
In case if price breaks through the resistance, the move could spot extending an uptrend.
There is a probability of a move to the 22.5 mark on a breach of 22.46.
Silver: Ascending Channel
XAG/USD,
4 hours
SHORT
Jun 13
XAG/USD creates an ascending channel.
An ascending channel describes a technical bearish signal that is used to predict an interruption of an uptrend once price breaks out to the the downside.
XAG/USD pulls away from recent highs to 23.5 on a breakout of the ascending channel.
Silver: Descending Channel
XAG/USD,
4 hours
LONG
Aug 18
A descending channel is diagnosed.
A descending channel provides a bullish pattern that is used to spot a bullish price action in case if price breaks above resistance.
A bullish run to the 22.8 level is a possibility as the commodity becomes supported.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Oct 13
A falling wedge is close to completion, XAG/USD calls for more strong push up for clear breakout confirmation.
A falling wedge is considered to be a technical chart signal that often results in a trend change to the upside if price breaks out.
XAG/USD to move upward to 22.2 on a breakout of the falling wedge.
Silver: Bearish Flag
XAG/USD,
1 hour
SHORT
Aug 7
We can see that a bearish flag has been recognized and the price is ready to break out soon.
A bearish flag describes a specific chart formation that has an upward slope that typically results in that the price to go down when price collapses through the support line.
XAG/USD points to the downside to the 23.5 zone on a breakout of the bearish flag as XAG/USD becomes weaker.
Silver: Ascending Triangle
XAG/USD,
1 hour
SHORT
Feb 13
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Dec 28
An ascending channel comes out.
An ascending channel is believed to be a technical bearish chart pattern that has an upward slope that often indicates the bulls have run out of steam when price breaks out to the the downside.
Decline towards 24.5 is a possibility.
Silver: Rising Wedge
XAG/USD,
4 hours
SHORT
Jan 31
There is a rising wedge forming, XAG/USD requests a more active move as a verification of a breakout.
A rising wedge typically indicates a change in the prevailing trend once price breaks out.
There is a probability of a bearish move to 23.2 while below 23.2.
Silver: Bullish Flag
XAG/USD,
1 day
LONG
Mar 23
It seems like a bullish flag is close to being done.
A bullish flag signals a bullish price action when price breaks through the resistance.
A bullish move towards 24 is about to happen.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Dec 28
It looks like an ascending channel comes out and XAG/USD needs a strong bearish action for the certainty of breakdown.
An ascending channel identifies a bearish chart formation that is used to identify price heading to a new direction in case if price breaks down.
XAG/USD targets a move to 24.4 amid the commodity recedes from tops.
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Silver · XAG/USD