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

According to the chart of M15, SILVER formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 30.77 is likely to encourage a continuation of the downward trend.

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 25, support level -35, and pattern’s width 175. Forecast If the price breaks through the support level 31.01, it is likely to move further down to 31.13.

According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 31.16 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on SILVER M5. Characteristics: the support level 31.16; the resistance level 31.24; the width of the pattern 80 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 85 points.

The Triple Top pattern has formed on the chart of the SILVER M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 31.06/31.09 with the upper limit 31.12/31.12; the projection of the width is 60 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 31.06, the price is most likely to continue the downward movement.