FX.co ★ Modèles réels. Analyse technique et recommandations de trading

According to M5, SILVER is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 79.83/79.82 is broken out, the instrument is likely to move toward 79.83.

The technical pattern called Head and Shoulders has appeared on the chart of SILVER M5. There are weighty reasons to suggest that the price will surpass the Neckline 80.27/80.28 after the right shoulder has been formed. So, the trend is set to change with the price heading for 80.27.

The Double Bottom pattern has been formed on SILVER M5. Characteristics: the support level 79.00; the resistance level 79.58; the width of the pattern 585 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 550 points.

According to the chart of M5, SILVER formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 79.67, the lower border is 79.28. The signal means that a long position should be opened above the upper border 79.67 of the Bullish Rectangle.

The Triple Top pattern has formed on the chart of the SILVER M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 78.90/79.29 with the upper limit 79.53/79.67; the projection of the width is 625 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 78.90, the price is most likely to continue the downward movement.