As we can see an ascending triangle is very close to being finished, the price is close to breaking out soon.
An ascending triangle typically identifies a next move down once price breaks below support.
It is possible that a bearish move towards the 24.8 mark will form.
Silver: Rising Wedge
XAG/USD,
1 hour
SHORT
May 10
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 Channel
XAG/USD,
4 hours
LONG
Nov 9
A descending channel has been found, the price is ready to break out now.
A descending channel typically identifies a move up once price breaks out to the the upside.
There is a chance of a bullish move to the 49 zone.
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: 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: Ascending Channel
XAG/USD,
4 hours
SHORT
45 hours ago
There is an ascending channel recognized, the price is ready to break out.
An ascending channel is believed to be a bearish price action indicator that is used to indicate a next move down when price breakdown occurs.
It is likely that a bearish run towards 56 will take place on a breakdown of the ascending channel.
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: Rectangle
XAG/USD,
1 hour
SHORT
Nov 20
Silver composes a rectangle.
A rectangle often spots a bearish move in case if price breaks below support.
Silver is bearish and en route towards the 50 level on a breakout of the rectangle.
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.
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Silver · XAG/USD