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: 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.
Silver: Bearish Rectangle
XAG/USD,
1 hour
SHORT
May 18
There is a bearish rectangle identified.
A bearish rectangle is considered to be a useful bearish indicator that can be used to predict that the price to go down once price collapses through the support line.
There is a chance of a bearish run towards the 23.8 zone on a breakdown of the bearish rectangle.
Silver: Rising Wedge
XAG/USD,
4 hours
SHORT
Jan 31
There is a rising wedge turning up and XAG/USD asks for a strong move as an information of a breakout.
Once price breakdown occurs, the move could signal reversals in uptrends.
XAG/USD to experience further corrective weakness towards 23.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
May 22
There is an ascending channel arising, the price wants strong pullback for clear breakdown confirmation.
An ascending channel represents a technical bearish pattern that is used to identify the more likely potential of falling prices if price breakdown occurs.
XAG/USD to suffer a steeper decline to the 23.8 mark as XAG/USD becomes under pressure.
Silver: Ascending Triangle
XAG/USD,
4 hours
SHORT
May 10
As we can see an ascending triangle forms and the price calls for a more active correction to confirm ascending triangle breakout.
An ascending triangle is said to depict a reliable bearish indicator that can be used to indicate extending an downtrend once price breaks below support.
XAG/USD looks south towards the 25.6 zone.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Nov 14
A descending channel takes place.
A descending channel spots extending an uptrend in case if price breaks out.
It is likely that a bullish run to 22.6 will happen as weakness seen overdone.
Silver: Rising Wedge
XAG/USD,
1 hour
SHORT
Nov 2
There is a rising wedge encountered, XAG/USD calls for a more strong move as an information of a breakout.
A rising wedge identifies a specific bearish chart signal that predicts a break during an uptrending market once price breaks out.
XAG/USD opens door for a move to the 23 mark on a downside break.
Silver: Rising Wedge
XAG/USD,
1 day
SHORT
Sep 14
A rising wedge is almost done, XAG/USD demands a strong bearish action to confirm a breakout.
A rising wedge can be thought of as a bearish pattern that often results in a next move down once price breakdown occurs.
XAG/USD pulls back to 23 on a breach of 23.2 as sell-off may continue.
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Silver · XAG/USD