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

According to the chart of M15, SILVER formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 88.89, the lower border is 87.81. The signal means that a long position should be opened above the upper border 88.89 of the Bullish Rectangle.

According to the chart of M5, SILVER formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 87.81 – 87.81 and upper border 88.89 – 88.89. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 88.89; the lower boundary 87.92; the width of the pattern is 965 points. Sell trades are better to be opened below the lower boundary 87.92 with a possible movements towards the 87.89 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 88.55 is broken, the downward movement will continue.

According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 87.36 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -3172 pips.