Open:
High:
Low:
Close:
BISEAU DESCENDANT
Argent
XAG/USD
4H
It looks like a falling wedge is found.
A falling wedge suggests a reliable price pattern that typically predicts a bullish price move when price breaks above resistance.
There is a chance of a rangebound towards 76 as the commodity becomes bid.
CANAL DESCENDANT
Argent
XAG/USD
1H
There is a descending channel observed and the price is about to break out soon.
A descending channel often predicts a further move up when price breaks out.
There is a probability of a further bullish move to the 73.5 zone on impulse above 73.
TRIANGLE DESCENDANT
Argent
XAG/USD
1H
The price establishes a descending triangle, the price lacks a further bigger move as a clue of a breakout.
A descending triangle can be thought of as a reliable bearish price formation that results in that the price to go short in case if price breaks down.
It is not ruled out that a bearish move to 72 will happen as weakness continues.
CANAL DESCENDANT
Argent
XAG/USD
1H
It looks like a descending channel has been encountered, the price wants a steady move as an information of a breakout.
A descending channel tends to be a bullish price action formation that is angled down that is used to identify extending an uptrend in case if price breaks out to the the upside.
A bullish move towards the 74 zone about to be made.
TRIANGLE SYMÉTRIQUE
Argent
XAG/USD
1H
There is a symmetrical triangle encountered and the price is breaking out.
A symmetrical triangle typically indicates prices are likely to keep falling downward when price collapses through the support line.
It is not ruled out that a rangebound towards 74.5 will take place on a breach of 74.9 as risk reversal sheds bullish bias.
TRIANGLE ASCENDANT
Argent
XAG/USD
1H
The price creates an ascending triangle, the price requests a more steady move as an information of a breakdown.
An ascending triangle often identifies extending an downtrend if price collapses through the support line.
There is a probability of a rangebound to 75.
BISEAU DESCENDANT
Argent
XAG/USD
1H
There is a falling wedge arising and the price is going to break out.
A falling wedge often results in a next move up once price breaks out.
A further move to the 76.5 zone is likely to happen on a breach of 76.
FANION
Argent
XAG/USD
1D
A pennant is almost finished and the price is ready to break out soon.
A pennant suggests a formation that typically indicates the more likely potential of falling prices when price breaks out.
Silver risks extra losses to the 75 level.
CANAL DESCENDANT
Argent
XAG/USD
1H
We can see that a descending channel arises, the price is going to break out now.
A descending channel denotes a technical bullish signal that indicates that the price to go long if price breaks through the resistance.
A bullish run towards 77 is possible.
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