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

On the chart of the SILVER M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 85.94, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1245 points.

According to the chart of M5, SILVER formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 84.56, the lower border is 83.83. The signal means that a long position should be opened above the upper border 84.56 of the Bullish Rectangle.

According to the chart of M5, SILVER formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 78.97 and support 78.66. In case the resistance level 78.97 - 78.97 is broken, the instrument is likely to follow the bullish trend.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 78.69; the lower boundary 77.88; the width of the pattern 815 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 77.86 level.

The Double Bottom pattern has been formed on SILVER M5; the upper boundary is 76.98; the lower boundary is 76.46. The width of the pattern is 480 points. In case of a break of the upper boundary 76.98, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.