Chart Pattern Analysis Of XAG

21 Mei

https://www.tradingview.com/x/cLZHAtGc/
K1 and K2 break up the downtrend line of a potential bullish triangle pattern.
If K3 still stand upon the line,
It will be a valid break up.

On the other hand,
If the following candles close below K2 immediately,
K1 will be a fake up candle,
And the risk will sharply increase.

Long-33.4/Stop-33.08/Target-36

25 Mei

Nota

K3 failed to close upon the upper limit of a potential triangle pattern.
It seems that the resistance is still effective.
And the following candles will consolidate around it.

If K3 start with a bull gap and close upon K2,
It will verify my previous expectations that another bull run will start here.
If not, the risk will keep increasing,
And the following candles even fall to test the support.
I will try to get out of the market if K4 couldn’t close upon K2.

27 Mei

Dagangan ditutup: hentian tercapai

kelmarin

Nota

K1 break up the resistance but failed to stand upon it.
The strong bullish momentum had been interrupted by K2.
But also, K2 verified a potential support.
If the following candles consolidate here for days and the keep breaking up,
It is still valuable to buy in.

Long-34.2/Stop-33.2/Target-37.2
Long-34.6/Stop-34.5/Target-37.2