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

The Triple Top pattern has formed on the chart of the SILVER M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 35.87/35.96 with the upper limit 36.13/36.19; the projection of the width is 260 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 35.87, the price is most likely to continue the downward movement.

The Triple Top pattern has formed on the chart of the SILVER M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -60, support level -90, and pattern’s width 260. Forecast If the price breaks through the support level 35.87, it is likely to move further down to 36.19.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 36.13; the lower boundary 35.87; the width of the pattern 260 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 35.85 level.

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 -10, support level -90, and pattern’s width 130. Forecast If the price breaks through the support level 35.88, it is likely to move further down to 36.01.

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 35.88 is broken, the downward movement will continue.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 36.00; the lower boundary 35.49; the width of the pattern 505 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 35.48 level.

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 35.44, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 315 points.

According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 34.35/34.45 whereas the upper border goes across 34.55/34.45. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of SILVER will breach the upper border to head for 34.46.

The Triple Top pattern has formed on the chart of the SILVER M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 34.32/34.41 with the upper limit 34.52/34.51; the projection of the width is 195 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 34.32, the price is most likely to continue the downward movement.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 34.51; the lower boundary 34.41; the width of the pattern 95 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 34.40 level.