NATURE OF XAGUSD

I am checking the nature of the XAGUSD from the previous 10-12 years chart.
By looking at the nature of the chart I realized the following things:

1. Forming a Bearish Rally inside a parallel channel
2. Break the rally and forms a range
3. Completes the range and forms a parabolic shape/ cup n handle pattern
4. Moves upside after completing the pattern

It repeats this process two times and now it is again at the 1st step (Forming a Bearish Rally)