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

The Bearish Flag pattern has been formed on SILVER at M5. The lower boundary of the pattern is located at 67.52/67.79 while the upper boundary lies at 67.79/68.06. The projection of the flagpole is 655 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 67.52 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the SILVER M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 67.52; the projection of the flagpole height is equal to 655 pips. In case the price breaks out the pattern’s bottom of 67.52, the downtrend is expected to continue for further level 67.50.

The Bearish pennant pattern has formed on the SILVER M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 67.84 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Double Bottom pattern has been formed on SILVER M15. 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 69.00 is broken. The further movements will rely on the width of the current pattern 565 points.

The Triple Bottom pattern has formed on the chart of the SILVER M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 69.41/68.89.