There is an ascending channel discovered and the price requests a further bigger move as a verification of a breakdown.
An ascending channel denotes a specific signal that can be used to indicate an upward trend is about to reverse into an downward trend once price collapses through the support line.
A bearish run towards 24.4 is possible on a breakdown of the ascending channel.
Silver: Ascending Triangle
XAG/USD,
1 hour
LONG
May 31
There is an ascending triangle diagnosed and the price is going to break out soon.
An ascending triangle denotes a bullish price formation that is used to identify that prices are likely to keep rallying upward once price breaks above resistance.
A bullish price action to 23.4 stays on the cards.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
May 1
There is an ascending channel appearing.
An ascending channel often indicates a bearish price move when price collapses through the support line.
There is a probability of a bearish push down to 25.3 on a breakout of the ascending channel.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Oct 11
As we can see an ascending channel is almost finished, XAG/USD asks for a more bearish action as an indication of a breakdown.
An ascending channel denotes a price action pattern with an upward bias that is used to spot that the price to go down once price breakdown occurs.
There is a probability of a rangebound towards the 22.1 mark.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
May 26
There is a descending channel found, XAG/USD requests a next move as a sign of a breakout.
A descending channel provides a reliable price indicator that typically results in that the price to go up when price breaks out.
There is a possibility of a move to 23.1 on a breakout of the descending channel.
Silver: Descending Triangle
XAG/USD,
1 hour
SHORT
Nov 7
A descending triangle is close to being completed, the price is ready to break out soon.
A descending triangle provides a technical bearish formation that is used to predict an extension in the downward direction in case if price collapses through the support line.
There is a chance of extra downside towards the 22.9 zone on a breakout of the descending triangle.
Silver: Ascending Channel
XAG/USD,
4 hours
SHORT
May 10
An ascending channel is almost completed and the price requires a further steady move for the certainty of breakdown.
An ascending channel signals a move down in case if price breaks below support.
XAG/USD to head to 25.6 on a breach of 25.8.
Silver: Pennant
XAG/USD,
4 hours
SHORT
Feb 22
As we can see a pennant is very close to being completed, XAG/USD wants push down as evidence of a breakout.
A pennant represents a specific price action signal that is used to signal extending an downtrend if price breaks out to the the downside.
XAG/USD to move back towards 22.8 as extra rangebound not ruled out.
Silver: Pennant
XAG/USD,
1 hour
SHORT
May 24
A pennant has been identified.
A pennant tends to be a useful bearish price action indicator that can be used to predict prices are likely to keep falling downward in case if price breaks out.
XAG/USD to move downward to 23.4 as the commodity becomes weaker.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Sep 28
Silver: Falling Wedge
XAG/USD,
4 hours
LONG
Aug 15
As we can see a falling wedge develops and XAG/USD wants a more bigger bullish continuation as an information of a breakout.
A falling wedge often results in an extension in the upward direction once price breaks out.
A further bullish move towards 22.8 stays on the cards as weakness seen overdone.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
May 26
A descending channel is very close to being completed and the price is close to breaking out soon.
If price breaks through the resistance, the resulting move could signal an extension in the upward direction.
A further bullish continuation to 23.2 is possible on a breakout of the descending channel.
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Silver · XAG/USD