FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has been formed on SILVER M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 86.88 is broken. The further movements will rely on the width of the current pattern 310 points.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 88.16; the lower boundary 86.94; the width of the pattern is 1230 points. Sell trades are better to be opened below the lower boundary 86.94 with a possible movements towards the 86.93 level.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 88.22; the lower boundary 85.36; the width of the pattern is 2795 points. Sell trades are better to be opened below the lower boundary 85.36 with a possible movements towards the 85.35 level.

The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 85.17 is broken, the downward movement will continue.

On the chart of the SILVER M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 85.94, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1245 points.