BOREARIS

Silver (XAG/USD) Bullish Butterfly 1 hour

Silver (XAG/USD) 1 hourConfirmed Oct 07, 23:00 UTC+8
XABCDConfirmedClosedTarget 60.85860.758Confirm 59.820Invalid 58.283━ MA20 + Bollinger Bands ━ MA50 1 hour70503063.45━ RSI ━ 9MA00.33━ MACD ━ MACD Signal10/01 17:0010/02 23:0010/06 06:0010/07 12:0010/08 18:0010/10 00:00
XABCDConfirmedClosedTarget60.85860.758Confirm59.820Invalid58.283━ MA20 ━ MA5070503063.45━ RSI ━ 9MA00.33━ MACD ━ MACD Signal05 14:0007 09:0009 03:00

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

Bullish Butterfly: Target hit

Target60.858
Confirmation59.820
Invalid at58.283
Move+1.69%

Timeframe1 hour
ConfirmedOct 07, 23:00
ClosedOct 09, 21:00
Duration47.0 h
Reward / risk0.68

What this tells you

B retraces 0.786 of XA and D extends beyond X to 1.27-1.618 of XA, often a false break at the end of a move.

Check it on the live chart

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Swing points

PointTime UTC+8Price
XOct 02, 23:0059.681
AOct 05, 19:0062.038
BOct 06, 14:0060.271
COct 07, 03:0061.870
DOct 07, 20:0058.950
ConfirmationOct 07, 23:0059.820

Recently closed Bullish Butterfly patterns: 1 in total, 1 reached the target first (100%), 0 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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