signal strength 4 of 5
According to the chart of H1, SILVER formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 33.17/32.16 whereas the lower border goes across 31.25/32.16. The pattern width is measured on the chart at 1930 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 32.16 is broken, the price could continue its move toward 32.20.
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- Rectangle
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- Triple top
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The Bearish pennant pattern has formed on the EURCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.5727; the projection
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on SILVER M30. Characteristics: the support level 36.20; the resistance level 36.38; the width of the pattern 190 points. If the resistance level
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The Double Top reversal pattern has been formed on USDJPY M15. Characteristics: the upper boundary 145.78; the lower boundary 145.36; the width of the pattern is 41 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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