BOREARIS

Silver (XAG/USD) Bearish Shark 15 min

Silver (XAG/USD) 15 minConfirmed Oct 24, 04:15 UTC+8
XABCDConfirmedClosedInvalid 54.61353.973Confirm 53.906Target 1 53.702Target 53.498━ MA20 + Bollinger Bands ━ MA50 15 min70503051.73━ RSI ━ 9MA0-0.03━ MACD ━ MACD Signal10/23 03:0010/23 10:0010/23 16:0010/23 22:0010/24 04:00
XABCDConfirmedClosedInvalid54.61353.973Confirm53.906Target1 53.702Target53.498━ MA20 ━ MA5070503051.73━ RSI ━ 9MA0-0.03━ MACD ━ MACD Signal23 13:0023 21:3026 06:45

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Bearish Shark: First target, then break-even

Target53.498
First target53.702
Confirmation53.906
Invalid at54.613
Move+0.13%

Timeframe15 min
ConfirmedOct 24, 04:15
ClosedOct 26, 10:00
Duration54.0 h
Reward / risk0.58

What this tells you

C overshoots the prior swing and D returns to 0.886-1.13 of the 0X leg, often a reversal after a sharp move.

Check it on the live chart

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Swing points

PointTime UTC+8Price
XOct 23, 10:3054.288
AOct 23, 12:3053.580
BOct 23, 13:3054.568
COct 23, 22:1553.022
DOct 23, 23:1554.269
ConfirmationOct 24, 04:1553.906

Recently closed Bearish Shark patterns: 6 in total, 4 reached the target first (67%), 2 were invalidated and 0 expired (small sample). Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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