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

The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 29.68; the lower boundary 29.52; the width of the pattern is 170 points. Sell trades are better to be opened below the lower boundary 29.52 with a possible movements towards the 29.49 level.

The Double Top pattern has been formed on SILVER M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 29.45 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 28.52; the lower boundary 28.30; the width of the pattern is 235 points. Sell trades are better to be opened below the lower boundary 28.30 with a possible movements towards the 28.28 level.

The Bullish pennant graphic pattern has formed on the SILVER M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 28.23.

The Bullish pennant pattern is formed on the SILVER M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 28.15, a further uptrend is possible.