Silver (XAG/USD) Bull pennant 1 hour
Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.
Bull pennant: Active
Last 53.157, 49% of the way to target (target is 2.20% from confirmation).
What this tells you
A sharp rise followed by a small converging triangle; an upside break usually continues the rally.
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Swing points
| Point | Time UTC+8 | Price |
|---|---|---|
| Pole base | Nov 04, 11:00 | 48.949 |
| Pole top | Nov 05, 01:00 | 52.458 |
| Pullback low | Nov 05, 02:00 | 52.127 |
| Confirmation | Nov 05, 09:00 | 52.591 |
Recently closed Bull pennant patterns: 10 in total, 5 reached the target first (50%), 5 were invalidated and 0 expired. 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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