XAG/USD forms a descending channel, XAG/USD needs a next bigger impulse up to confirm descending channel breakout.
Once price breaks through the resistance, the resulting move could signal a bullish price move.
XAG/USD hints a change to the upside towards 23.1.
Silver: Bearish Rectangle
XAG/USD,
4 hours
SHORT
Jan 17
A bearish rectangle is almost done, the price requires a move to confirm bearish rectangle breakout.
A bearish rectangle typically results in prices are likely to keep falling downward when price breaks out to the the downside.
There is a chance of a rangebound towards 22.6.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Apr 14
There is an ascending channel emerging, the price is breaking out.
An ascending channel represents a signal that often predicts that the price to go down if price breaks through the support.
XAG/USD could drop to the 26 level on a breach of 26.08.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Oct 25
A falling wedge is very close to being finished, XAG/USD asks for a next move as a verification of a breakout.
A falling wedge is a reliable bullish indicator that is used to predict that the price to go up when price breaks out.
XAG/USD turns bullish towards the 23.1 zone.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Jan 3
An ascending channel is uncovered.
When price breaks through the support, the resulting move could spot that the price to go short.
XAG/USD is at risk of resuming its decline to 23.8 on a breakdown of the ascending channel as the commodity becomes weaker.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Jan 5
We can see that a descending channel has been discovered and the price is ready to break out.
A descending channel identifies a bullish price signal that indicates that the price will rally further when price breaks out.
XAG/USD to continue the appreciation trend to the 23.3 level.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
May 19
It seems like a descending channel develops and the price requests a next steady bullish move for the certainty of breakout.
In case if price breaks through the resistance, the resulting move could identify a countertrend succeeding the current trend.
XAG/USD to accomodate towards 23.8 as risk reversal sheds bearish bias.
Silver: Rising Wedge
XAG/USD,
1 hour
SHORT
Apr 25
We can see that XAG/USD shapes a rising wedge.
A rising wedge is a chart indicator that can be used to indicate a move down once price breakdown occurs.
A bearish move to 25.1 about to be made on a breach of 25.22 as downtrend may continue.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Jun 27
As we can see an ascending channel has been diagnosed and the price is ready to break out now.
When price breaks through the support, the resulting move could identify a further move down.
XAG/USD turns bearish to 22.9 as the commodity becomes weaker.
Silver: Descending Channel
XAG/USD,
4 hours
SHORT
Feb 2
We can see that a descending channel comes out, XAG/USD asks for a further move as evidence of a breakout.
A descending channel identifies a next move down once price collapses through the support line.
XAG/USD to plummet towards the 22.8 zone.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Apr 14
An ascending channel occurs and the price requires next pullback for the certainty of breakdown.
An ascending channel often spots a move down once price breaks out to the the downside.
A bearish price action towards 25.8 looks possible.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Jun 23
We can see that XAG/USD shapes a descending channel, the price breaks out.
A descending channel often predicts a break during a downtrending market once price breaks out to the the upside.
XAG/USD dives out bearish trendline towards 22.4 on a breach of 22.25.
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Silver · XAG/USD