FX.co ★ Patterns SILVER | Silver Rate in the Forex market

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 82.01 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 83.52; the lower boundary 82.82; the width of the pattern is 770 points. Sell trades are better to be opened below the lower boundary 82.82 with a possible movements towards the 82.81 level.

The Bullish Flag pattern has been formed on the chart SILVER M15 which signals that the upward trend will continue. Signals: а break of the peak at 83.88 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant signal – Trading instrument SILVER M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 83.88, with the prospect of the next move being a projection of the flagpole height.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 81.44; the lower boundary 80.85; the width of the pattern 595 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 80.83 level.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 80.11; the lower boundary 78.97; the width of the pattern is 1160 points. Sell trades are better to be opened below the lower boundary 78.97 with a possible movements towards the 78.96 level.

The Bullish pennant graphic pattern has formed on the SILVER M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 80.25.

The Bullish pennant signal – Trading instrument SILVER M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 80.48, with the prospect of the next move being a projection of the flagpole height.

On the chart of the SILVER M5 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 73.13, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1190 points.

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 -515, support level -1695, and pattern’s width 2850. Forecast If the price breaks through the support level 70.50, it is likely to move further down to 73.11.