FX.co ★ SILVER M5: Bearish pennant

The Bearish pennant pattern has formed on the SILVER M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 31.54; the projection of the flagpole height is equal to 320 pips. In case the price breaks out the pattern’s bottom of 31.54, the downtrend is expected to continue for further level 31.52.