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

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.

The Triple Top pattern has formed on the chart of the SILVER M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -20, support level -115, and pattern’s width 715. Forecast If the price breaks through the support level 77.55, it is likely to move further down to 78.18.