FX.co ★ Actual patterns. Technical analysis and trading recommendations
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Triple Bottom
The Triple Bottom pattern has formed on the chart of SILVER M5. Features of the pattern: The lower line of the pattern has coordinates 57.44 with the upper limit 57.44/57.19, the projection of the width is 630 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 56.81, the price is most likely to continue the upward movement.
Double Bottom
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 57.44 is broken. The further movements will rely on the width of the current pattern 630 points.
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Triple Bottom
The Triple Bottom pattern has been formed on SILVER H1. It has the following characteristics: resistance level 57.63/57.49; support level 56.69/56.84; the width is 950 points. In the event of a breakdown of the resistance level of 57.63, the price is likely to continue an upward movement at least to 56.66.
Triple Bottom
The Triple Bottom pattern has formed on the chart of SILVER M30. Features of the pattern: The lower line of the pattern has coordinates 57.63 with the upper limit 57.63/57.49, the projection of the width is 950 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 56.69, the price is most likely to continue the upward movement.
Bearish Rectangle
According to the chart of M30, SILVER formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 56.62 – 56.62 and upper border 57.63 – 57.63. In case the lower border is broken, the instrument is likely to follow the downward trend.
