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

On the chart of SILVER M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 27.68; the lower boundary 27.59; the width of the pattern 95 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 27.56 level.

On the chart of SILVER M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 27.68; the lower boundary 27.59; the width of the pattern 95 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 27.56 level.

The Double Bottom pattern has been formed on SILVER M5. Characteristics: the support level 27.09; the resistance level 27.27; the width of the pattern 185 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 175 points.

According to the chart of M15, SILVER formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 26.96/27.18 whereas the upper border goes across 27.43/27.18. 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 27.20.

According to the chart of M30, SILVER formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 27.43 and 26.96 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 477 pips. Outlook: If the upper border 27.43 is broken, the price is likely to continue its move by 27.21.

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 35, support level -245, and pattern’s width 310. Forecast If the price breaks through the support level 27.02, it is likely to move further down to 27.30.

On the chart of SILVER M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 27.32; the lower boundary 27.02; the width of the pattern 305 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 26.99 level.

The Triple Bottom pattern has been formed on SILVER M30. It has the following characteristics: resistance level 27.50/27.23; support level 27.08/27.14; the width is 420 points. In the event of a breakdown of the resistance level of 27.50, the price is likely to continue an upward movement at least to 27.11.

The Triple Bottom pattern has been formed on SILVER M15. It has the following characteristics: resistance level 27.50/27.23; support level 27.08/27.14; the width is 420 points. In the event of a breakdown of the resistance level of 27.50, the price is likely to continue an upward movement at least to 27.10.

The Double Bottom pattern has been formed on SILVER M30; the upper boundary is 27.50; the lower boundary is 27.07. The width of the pattern is 420 points. In case of a break of the upper boundary 27.50, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.