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

The Double Bottom pattern has been formed on SILVER M5. Characteristics: the support level 71.72; the resistance level 73.11; the width of the pattern 1385 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 1420 points.

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 73.74 is broken, the downward movement will continue.

The Double Top pattern has been formed on SILVER M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 74.79 is broken, the downward movement will continue.

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 74.42 is broken, the downward movement will continue.

On the chart of the SILVER M30 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 71.54, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1880 points.

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 71.54/72.25 with the upper limit 73.42/73.45; the projection of the width is 1880 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 71.54, the price is most likely to continue the downward movement.

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 86.52, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 625 points.

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 86.80 is broken, the downward movement will continue.

The Double Top pattern has been formed on SILVER M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 86.52 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on SILVER M5; the upper boundary is 85.89; the lower boundary is 84.44. The width of the pattern is 1460 points. In case of a break of the upper boundary 85.89, 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.