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

The Double Bottom pattern has been formed on SILVER M15. Characteristics: the support level 33.24; the resistance level 33.41; the width of the pattern 170 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 175 points.

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 33.44/33.50 with the upper limit 33.62/33.63; the projection of the width is 180 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 33.44, the price is most likely to continue the downward movement.

On the chart of SILVER M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 33.62; the lower boundary 33.44; the width of the pattern 185 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 33.41 level.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 33.62; the lower boundary 33.44; the width of the pattern is 185 points. Sell trades are better to be opened below the lower boundary 33.44 with a possible movements towards the 33.42 level.

The Triple Top pattern has formed on the chart of the SILVER M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 33.44/33.52 with the upper limit 33.59/33.62; the projection of the width is 160 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 33.44, the price is most likely to continue the downward movement.