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ASCENDING TRIANGLE
Silver
XAG/USD
1H
An ascending triangle has been revealed.
An ascending triangle is said to depict a technical bearish indicator that can be used to predict a break in the price direction if price breaks below support.
Decline to the 79.5 level is possible as minor hurdle remains at 79.7.
BULLISH RECTANGLE
Silver
XAG/USD
1H
There is a bullish rectangle coming out and the price wants a more active bullish continuation as a verification of a breakout.
A bullish rectangle identifies a reliable bullish price action signal that identifies that prices are likely to keep rallying upward if price breaks above resistance.
Silver to prolong the growth phase towards 81 on a breakout of the bullish rectangle.
PENNANT
Silver
XAG/USD
1H
The price creates a pennant.
A pennant describes a specific bullish signal that indicates an extension in the upward direction once price breaks out.
It is likely that a bullish continuation to the 81 zone will be made.
ASCENDING CHANNEL
Silver
XAG/USD
1H
As we can see an ascending channel has been distinguished.
When price breaks down, the resulting move could predict that the price to go short.
Silver risks a correction to 78 as silver probes 79 hurdle.
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel coming out and the price is ready to break out soon.
An ascending channel is considered to be a compelling bearish price action formation with an upward bias that often signals that the price to go down when price breaks below support.
Silver to accomodate to the 78 zone while lower than 79 as silver failes to keep gains.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
An ascending triangle has been discovered, silver requires a further move as an indication of a breakout.
An ascending triangle typically results in the more likely potential of rising prices once price breaks above resistance.
Silver to look for a further push to 77 as bulls look for entries.
PENNANT
Silver
XAG/USD
4H
There is a pennant encountered and silver expects bigger push up as a clue of a breakout.
When price breaks out to the the upside, the resulting move could identify that the price to go up.
Silver opens door for a move to the 78 zone while above 76.
DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel occuring, the price wants a further bullish move as an indication of a breakout.
A descending channel is a useful indicator that predicts a change in the prevailing trend in case if price breaks through the resistance.
Silver is bullish and en route towards the 76 mark as there is a chance for a upside correction.
RECTANGLE
Silver
XAG/USD
1H
There is a rectangle occuring, the price breaks out.
A rectangle is believed to be a useful price signal that typically results in the more likely potential of falling prices when price collapses through the support line.
Silver tests a move to the 74.5 zone.
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