Possibilities with XAG/USD

In the picture above, we can see that price broke out a descending channel prior is current position on the chart. However, that does not mean price is in a uptrend/bullish trend. Price needs to break a previous level of structure before the change of direction can be confirmed. That means the breakout from the channel could just be minor and price could continue lower. Only time will tell.
Chart PatternsTrend Analysis

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