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

According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 36.31 is likely to encourage a continuation of the downward trend.

According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 36.31 is likely to encourage a continuation of the downward trend.

According to the chart of M5, SILVER formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 36.31 – 36.31 and upper border 36.42 – 36.42. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on SILVER M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 36.41 is broken. The further movements will rely on the width of the current pattern 90 points.

The Double Top reversal pattern has been formed on SILVER H1. Characteristics: the upper boundary 36.56; the lower boundary 35.84; the width of the pattern is 695 points. Sell trades are better to be opened below the lower boundary 35.84 with a possible movements towards the 35.80 level.

The Bullish Flag pattern has been formed on the chart SILVER M5 which signals that the upward trend will continue. Signals: а break of the peak at 36.15 may push the price higher, and the rise will be the projection of the pole.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart SILVER M5. Forecast: if the price breaks above the pattern high at 36.16, then traders will be able to place a long deal with the target at 36.18.

The Bullish pennant signal – Trading instrument SILVER M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 36.16, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on SILVER M15. Characteristics: the support level 35.76; the resistance level 36.05; the width of the pattern 290 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 275 points.

On the chart of the SILVER H1 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 36.23, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 540 points.