A rising wedge occurs, the price lacks a next strong move as a signal of a breakdown.
In case if price breaks down, the move could identify a change in price direction.
A further bearish move to 25.85 about to be made on impulse below 25.86.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Dec 4
An ascending channel is found and the price is close to breaking out now.
An ascending channel results in an extension in the downward direction in case if price breakdown occurs.
Decline towards 25.6 is likely to happen on a breach of 25.7.
Silver: Descending Triangle
XAG/USD,
1 day
LONG
Nov 16
It seems like the price develops a descending triangle, XAG/USD needs a next steady bullish move for the certainty of breakout.
A descending triangle is a price pattern that typically predicts a next move up if price breaks through the resistance.
XAG/USD to resume its rise towards 24 on a breach of 23.4 as door open for a test of 24.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Jun 23
A descending channel arises and the price lacks a bigger move as a signal of a breakout.
A descending channel typically indicates a bearish-to-bullish trend reversal when price breaks out to the the upside.
XAG/USD advances higher to the 22.6 zone on a breach of 22.48 amid XAG/USD reclaims part of the ground lost.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
May 10
An ascending channel develops.
An ascending channel typically signals that the price to go short when price breaks through the support.
There is a probability of a bearish price action towards the 25.6 zone as there is a chance for a downside correction.
Silver: Descending Channel
XAG/USD,
1 day
LONG
Mar 14
A descending channel emerges, the price is breaking out.
A descending channel spots that prices move counter to the prevailing price trend in case if price breaks above resistance.
It is possible that a bullish push up to 22 will form.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Nov 13
As we can see a descending channel pops up and the price is ready to break out.
A descending channel is said to depict a compelling chart formation with a downward bias that predicts that the price to go long when price breaks through the resistance.
XAG/USD hints a change to the upside to the 22.6 mark.
Silver: Bearish Flag
XAG/USD,
1 hour
SHORT
May 16
It seems like a bearish flag is close to being done, the price is going to break out soon.
A bearish flag identifies a reliable pattern that often results in a bearish price move when price breakdown occurs.
XAG/USD set to accelerate its decline towards 24.2 amid rising bets for the move.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Feb 8
There is a descending channel coming out and the price is ready to break out.
A descending channel suggests a compelling price action indicator that is used to spot a further move up when price breaks out.
XAG/USD aims to complete a retracement towards the 22.4 zone as the commodity becomes supported.
Silver: Bullish Flag
XAG/USD,
1 day
LONG
Mar 18
There is a bullish flag diagnosed.
If price breaks out to the the upside, the move could spot a bullish price action.
XAG/USD to strengthen to 23 on impulse above 22 as downside pressure alleviates.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Dec 22
Silver: Bullish Flag
XAG/USD,
1 hour
LONG
Apr 10
As we can see a bullish flag has been diagnosed, the price breaks out now.
A bullish flag is believed to be a useful price pattern that can be used to identify the more likely potential of rising prices in case if price breaks out.
XAG/USD to continue the appreciation trend to 25.15.
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Silver · XAG/USD