Continuation Silver Trading Chart Patterns

When these continuation xagusd trading chart patterns are formed they confirm that the current silver trend is going to continue moving in the same direction.

These patterns are used by xagusd traders to spot half way points of the trend, this is because they form at half-way point of a trend.

There are four types:

• Ascending triangle
• Descending triangle
• Bull flag/pennant
• Bear flag/pennant

Ascending Triangle

The ascending triangle is formed in an up silver trend and it shows that the upward direction of the market is going to continue.

It shows that there is a resistance level that the buyers keep pushing each time moving it higher, and once it breaks xagusd price will continue heading upwards.

The overhead resistance temporarily prevents the xagusd trading market from advancing higher, while the rising silver trend line beneath the pattern signals that buyers are still present. An upside penetration of the upper line is a technical buy silver signal for a market breaking out from an ascending triangle.

Found within a Silver upward silver trend, the ascending triangle forms as a consolidation period within the up silver trend & indicates upside continuation will follow.

The market formed an ascending triangle during its up silver trend which led to upside continuation. Buy point is when xagusd trading price clears the upper sloping line & the xagusd trading market continues heading upward.

Descending Triangle

The descending triangle is formed in a down silver trend & it shows that the downwards direction of xagusd trading price movement is going to continue.

It shows that there is a support level that the sellers keep pushing each time moving it lower, and once it breaks xagusd trading price will continue to move downward.

The support temporarily prevents the xagusd trading market from declining, while the descending sloping line above pattern signals that sellers are still present. A downside penetration of the lower line is a technical sell silver signal for a market breaking out down from a descending triangle, and it indicates selling will follow.

Found within a Silver downward silver trend, the descending triangle forms as a consolidation period within the down silver trend & indicates downside continuation will follow.

The market formed a descending triangle during its down silver trend which led to further selling & continuation of the downwards silver trend. The technical sell silver signal is when xagusd trading price breaks-out the lower horizontal sloping line as selling resumes to push the xagusd trading market lower.

Bull Flag/Pennant

This silver trading pattern forms what looks like a rectangle. The rectangle is formed by two parallel lines that act as support and resistance for xagusd trading price until the xagusd price breaks out. In general, the flag will not be formed perfectly flat but it will be formed sloping.

The bull flag is found within a Silver upward silver trend. In this continuation pattern where the xagusd market retraces slightly, it is therefore a slight retracement with narrow xagusd trading price action which has a slight downwards tilt. The technical buy point is when xagusd trading price penetrates the upper line of the flag. The flag portion has highs & lows which can be connected by small lines which are parallel, giving it what looks like a small channel.

The pennant occurs at halfway point of a bullish upward silver trend & after a break-out a similar move equivalent to the height of the flagpole is expected.

The bull pennant above was just a resting period as the xagusd trading market gathered strength to break out and move higher. The continuation trading signal was confirmed as a upper line was broken to the upside.

Bear Flag/Pennant

This flag is found in a Silver downward silver trend. The bear flag is a continuation pattern where the xagusd trading price retraces slightly with a narrow xagusd trading price action which has a slight upward tilt. The technical sell point is when xagusd trading price penetrates the lower line of the inverted flag. The pennant portion has highs and lows which can be connected by small lines which are parallel, giving it what looks like a small channel.

The bear pennant above was just a resting period for the xagusd trading market prior to more selling. The continuation signal was completed as lower line was broken to the downside.