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BEARISH FLAG
Silver
XAG/USD
1H
There is a bearish flag materializing and the price requests a move as an information of a breakout.
A bearish flag is believed to be a bearish price action pattern that is used to indicate a temporary interruption of an existing trend in case if price breaks below support.
Silver to accomodate to 71 as outlook for the commodity stays negative.
DESCENDING CHANNEL
Silver
XAG/USD
1H
It seems like silver shapes a descending channel, the price calls for a steady move to confirm a breakout.
A descending channel predicts a sharp rise when price breaks through the resistance.
There is a chance of a bullish run towards the 74 mark on a breach of 72.5 as indicators turn bullish.
RISING WEDGE
Silver
XAG/USD
1H
There is a rising wedge developing, the price is going to break out now.
A rising wedge depicts a bearish pattern that is angled up that typically results in an interruption of an uptrend when price breaks below support.
Silver is at risk of extending its slump towards the 74 zone as silver looks offered.
RECTANGLE
Silver
XAG/USD
1H
There is a rectangle turning up and the price wants a strong bullish impulse to confirm rectangle breakout.
A rectangle typically spots a move up when price breaks above resistance.
Silver pushes higher towards 77 as the commodity challenges 76.6 hurdle.
RISING WEDGE
Silver
XAG/USD
4H
There is a rising wedge materializing and silver expects more bigger pullback to confirm rising wedge breakdown.
A rising wedge identifies a further move down once price breaks down.
Silver to extend its slide towards the 70 mark.
ASCENDING CHANNEL
Silver
XAG/USD
1H
It seems like the price gives an ascending channel.
An ascending channel typically identifies a move down if price breaks out.
Silver to increase bearish potential towards the 71 level on impulse below 71.8.
RECTANGLE
Silver
XAG/USD
1H
There is a rectangle discovered.
In case if price breaks out, the move could predict a bullish move.
Silver could attempt a move towards 70.5 as silver nears 70 hurdle.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
The price composes an ascending triangle, silver requests a bit more consolidation to confirm a breakout.
When price breaks above resistance, the move could spot that prices are likely to keep rallying upward.
Silver to accomodate to the 70 zone on a upside break as the commodity becomes bullish.
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel has been exposed, the price is going to break out now.
An ascending channel is a chart pattern that can be used to spot a bearish price move when price breaks out.
It is possible that decline to 68 will occur.
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