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

The Double Bottom pattern has been formed on SILVER M5. Characteristics: the support level 58.66; the resistance level 58.95; the width of the pattern 300 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 290 points.

On the chart of SILVER M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 59.15; the lower boundary 58.22; the width of the pattern 930 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 58.19 level.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 59.15; the lower boundary 58.22; the width of the pattern 930 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 58.20 level.

The Double Top reversal pattern has been formed on SILVER M30. Characteristics: the upper boundary 59.19; the lower boundary 58.65; the width of the pattern is 485 points. Sell trades are better to be opened below the lower boundary 58.65 with a possible movements towards the 58.62 level.

The Double Bottom pattern has been formed on SILVER M15; the upper boundary is 57.12; the lower boundary is 56.38. The width of the pattern is 765 points. In case of a break of the upper boundary 57.12, 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.