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

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 88.22; the lower boundary 85.36; the width of the pattern is 2795 points. Sell trades are better to be opened below the lower boundary 85.36 with a possible movements towards the 85.35 level.

The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 85.17 is broken, the downward movement will continue.

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.