$XAGUSD 1H Chart: Bullish Shark Pattern with Target at $31.22PEPPERSTONE:XAGUSD
Silver has formed the bullish shark pattern previously anticipated at $30.41. The pattern is now complete, and we saw a pullback below this level to $30.13, establishing a new support. The bullish shark pattern formed at $30.40 has a default target at the 50% Fibonacci retracement level, which is projected at $31.22.
Bullish shark pattern formed at $30.41.
Price pulled back to $30.13, establishing new support.
Target level for the pattern: $31.22.