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Actual patterns
Double Top
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 85.17 is broken, the downward movement will continue.
Triple Top
On the chart of the SILVER M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 85.94, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1245 points.
Bullish Rectangle
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.
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.
Double Top
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.