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BEARISH FLAG
Silver
XAG/USD
1H
A bearish flag pops up and the price is ready to break out.
A bearish flag is a specific pattern that is used to signal a temporary interruption of an existing trend if price breakdown occurs.
There is a possibility of corrective downside towards 82 while below 83.
ASCENDING CHANNEL
Silver
XAG/USD
4H
It looks like an ascending channel takes place, silver requires a steady move as a verification of a breakdown.
An ascending channel is a bearish chart pattern that is used to predict a bearish price move if price breaks out to the the downside.
Silver risks further downside towards 86 as there is a chance of further weakness.
BEARISH FLAG
Silver
XAG/USD
1H
It seems like silver forms a bearish flag.
A bearish flag typically indicates that the price to go down in case if price breakdown occurs.
Silver to nosedive towards 90.
RECTANGLE
Silver
XAG/USD
4H
We can see that a rectangle is close to being done and the price requires a move as a verification of a breakout.
A rectangle indicates a bullish price action when price breaks through the resistance.
There is a possibility of a bullish run to the 80 mark on impulse above 78.5.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
We can see that a descending triangle is almost done, silver needs a move as a signal of a breakout.
A descending triangle depicts a useful bullish price action formation that is used to identify a further move up if price breaks out to the the upside.
It is possible that a rangebound to the 79 mark will occur once above 78.6.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
There is an ascending triangle forming and silver requires more steady push down to confirm ascending triangle breakout.
An ascending triangle suggests a signal that can be used to predict that the price to go short when price collapses through the support line.
Silver to resume its downfall towards 77.5.
RISING WEDGE
Silver
XAG/USD
1H
It looks like the price forms a rising wedge.
In case if price breakdown occurs, the resulting move could spot that the price to go down.
There is a probability of a rangebound towards 77.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel determined, the price is ready to break out soon.
An ascending channel can be thought of as a technical bearish chart signal that is used to indicate a further move down when price breakdown occurs.
A bearish push down towards 76 is possible.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
There is a descending triangle encountered.
A descending triangle often identifies a further move up if price breaks out to the the upside.
A rangebound to the 77 mark is on the way.
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