Silver (XAG/USD) Bearish Shark 1 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Bearish Shark: Target hit
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.
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Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| X | Oct 07, 03:00 | 61.870 |
| A | Oct 07, 20:00 | 58.950 |
| B | Oct 08, 09:00 | 60.597 |
| C | Oct 08, 18:00 | 58.500 |
| D | Oct 12, 09:00 | 61.452 |
| Confirmation | Oct 12, 16:00 | 60.854 |
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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