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FX.co ★ SILVER M5: Bearish Rectangle

SILVER M5: Bearish Rectangle

Bearish RectangleThe Bearish Rectangle has formed on the SILVER M5 chart and indicates a likely continuation of the trend. Its resistance zone is at 68.99–68.99 and its support zone is at 68.62–68.62. A break below support at 68.62 is likely to signal a continuation of the bearish trend.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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