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

The Bullish Symmetrical Triangle pattern has formed on the SILVER M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 54.16 and 53.77, respectively. The pattern width is 385 points. If the price breaks above the upper boundary at 54.16, it is likely to move toward 53.96.

The Bullish Rectangle has formed on the SILVER M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 54.22 and its support is at 53.98. A breakout above the resistance zone at 54.22–54.22 is likely to signal a continuation of the bullish trend.

The Double Top reversal pattern has formed on the SILVER M5 chart. Its upper boundary is at 54.22, its lower boundary is at 53.98, and its width is 230 points. A short position may be considered below the lower boundary at 53.98, with a potential target at 53.97.

The Double Bottom pattern has formed on the SILVER M5 chart. Its support is at 53.73, its resistance is at 53.90, and its width is 165 points. A break above resistance may confirm a trend reversal, with the first target projected 150 points away.

The Double Bottom pattern has formed on the SILVER M5 chart. Its upper boundary is at 54.66, its lower boundary is at 54.45, and its width is 210 points. A break above the upper boundary at 54.66 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.