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

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 63.77, a further uptrend is possible.

The Triple Bottom pattern has been formed on SILVER D1. It has the following characteristics: resistance level 63.22/60.87; support level 55.59/56.53; the width is 7630 points. In the event of a breakdown of the resistance level of 63.22, the price is likely to continue an upward movement at least to 54.77.

The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 59.10; the lower boundary 58.76; the width of the pattern is 345 points. Sell trades are better to be opened below the lower boundary 58.76 with a possible movements towards the 58.74 level.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 58.99; the lower boundary 58.70; the width of the pattern 290 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 58.69 level.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 58.77; the lower boundary 58.56; the width of the pattern 200 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 58.55 level.