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

According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 36.31 is likely to encourage a continuation of the downward trend.

According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 36.31 is likely to encourage a continuation of the downward trend.

According to the chart of M5, SILVER formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 36.31 – 36.31 and upper border 36.42 – 36.42. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on SILVER M5. 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 36.41 is broken. The further movements will rely on the width of the current pattern 90 points.

The Double Top reversal pattern has been formed on SILVER H1. Characteristics: the upper boundary 36.56; the lower boundary 35.84; the width of the pattern is 695 points. Sell trades are better to be opened below the lower boundary 35.84 with a possible movements towards the 35.80 level.