Open:
High:
Low:
Close:
ASCENDING CHANNEL
Silver
XAG/USD
1H
We can see that the price creates an ascending channel and the price breaks out.
An ascending channel tends to be a useful pattern that signals a change in the prevailing trend when price breaks through the support.
Silver to maintain its negative tone to 58.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
The price builds a descending triangle.
A descending triangle spots an extension in the upward direction once price breaks out.
It is likely that a rangebound towards 57.5 will happen as downside pressure seen easing.
RECTANGLE
Silver
XAG/USD
1H
There is a rectangle taking place and the price expects push down as a sign of a breakdown.
A rectangle is a specific chart signal that can be used to signal the bulls have run out of steam in case if price breaks out to the the downside.
There is a probability of a bearish move towards 56.5.
RISING WEDGE
Silver
XAG/USD
1H
Silver develops a rising wedge.
If price breaks down, the move could signal a countertrend succeeding the current trend.
Silver risks extra downside to the 57 zone on a breach of 57.6.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel uncovered, the price expects a further strong correction for the certainty of breakout.
An ascending channel suggests a reliable formation that typically results in an upward trend is nearing its end when price breaks out to the the downside.
There is a probability of a bearish move to 57 on a breach of 57.8 as door open for a test of 57.
ASCENDING CHANNEL
Silver
XAG/USD
1H
It seems like an ascending channel appears and silver needs a steady move for clear breakdown confirmation.
An ascending channel suggests a price formation that can be used to indicate the more likely potential of falling prices if price breaks out to the the downside.
Silver accelerates losses towards 56.
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel is close to being finished and silver requires a more bearish impulse as a verification of a breakdown.
An ascending channel is believed to be a technical price formation that often identifies that the price to go down in case if price breakdown occurs.
Silver to extend its setback to the 53 zone on a downside break.
ASCENDING CHANNEL
Silver
XAG/USD
1H
As we can see an ascending channel has been exposed and the price is breaking out.
An ascending channel often indicates extending an downtrend once price breaks below support.
A bearish price action to 52.5 is on the cards while below 53.
RISING WEDGE
Silver
XAG/USD
1H
A rising wedge is detected and the price is ready to break out.
If price breaks out to the the downside, the move could spot a change in the prevailing trend.
Silver to continue lower to 53.
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.