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Bullish Symmetrical Triangle
According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 92.11/93.09 whereas the upper border goes across 93.83/93.09. 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 93.10.
Bullish Rectangle
According to the chart of M15, SILVER formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 88.89, the lower border is 87.81. The signal means that a long position should be opened above the upper border 88.89 of the Bullish Rectangle.
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Bullish Rectangle
According to the chart of M5, SILVER formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 87.81 – 87.81 and upper border 88.89 – 88.89. In case the upper border is broken, the instrument is likely to follow the upward trend.
Double Top
The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 88.89; the lower boundary 87.92; the width of the pattern is 965 points. Sell trades are better to be opened below the lower boundary 87.92 with a possible movements towards the 87.89 level.
Double Top
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 88.55 is broken, the downward movement will continue.
