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

According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 87.36 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -3172 pips.

According to the chart of M15, SILVER formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 91.24 and 86.81 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 4425 pips. Outlook: If the upper border 91.24 is broken, the price is likely to continue its move by 88.83.

According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 90.34/90.75 whereas the upper border goes across 91.05/90.75. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of SILVER will breach the upper border to head for 90.77.

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.