FX.co - Actual patterns. Instrument: SILVER: 26

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.

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Figure:

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Triangle

Rectangle

Pennant

Flag

Head and Shoulders

Double Top

Triple top

Timeframe:

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M5

M15

M30

H1

D1

Signal strength:

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High

Medium

Low

Signal direction:

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Buy

Sell

SILVER

SILVER M5

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 33.77 may push the price higher, and the rise will be the projection of the pole.

Today at 2:20AM (UTC+0)

SILVER M5

Bearish Symmetrical Triangle

According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 33.52 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -109 pips.

Yesterday at 7:51PM (UTC+0)

SILVER M5

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 33.95, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 85 points.

31 March at 10:15PM (UTC+0)

SILVER M5

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 15, support level -120, and pattern’s width 200. Forecast If the price breaks through the support level 33.73, it is likely to move further down to 33.91.

31 March at 6:05PM (UTC+0)

SILVER M5

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 34.30 is broken, the downward movement will continue.

31 March at 7:11AM (UTC+0)

SILVER M15

The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 34.45; the lower boundary 34.33; the width of the pattern is 120 points. Sell trades are better to be opened below the lower boundary 34.33 with a possible movements towards the 34.31 level.

28 March at 12:15PM (UTC+0)

SILVER M5

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 34.45; the lower boundary 34.33; the width of the pattern is 120 points. Sell trades are better to be opened below the lower boundary 34.33 with a possible movements towards the 34.31 level.

28 March at 12:04PM (UTC+0)

SILVER M15

On the chart of the SILVER M15 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 34.16, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 185 points.

28 March at 1:00AM (UTC+0)

SILVER M5

Bullish pennant

The Bullish pennant pattern is formed on the SILVER M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 34.40, a further uptrend is possible.

27 March at 11:55PM (UTC+0)

SILVER M30

The Bullish Flag pattern has been formed on SILVER at M30. The lower boundary of the pattern is located at 34.32/34.26, while the higher boundary lies at 34.42/34.36. The projection of the flagpole is 255 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 34.42 is broken, the price will move further upwards.

27 March at 11:00PM (UTC+0)