signal strength 1 of 5
According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 29.97/30.05 whereas the upper border goes across 30.14/30.05. 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 30.07.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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The Double Top pattern has been formed on AUDCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8848
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According to the chart of M5, EURCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on USDCHF at M5. The lower boundary of the pattern is located at 0.8283/0.8287 while the upper boundary lies at 0.8287/0.8291. The projection
The M5 and M15 time frames may have more false entry points.
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