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According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 33.52/33.43 whereas the lower border goes across 33.30/33.43. The pattern width is measured on the chart at 217 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 33.43 is broken, the price could continue its move toward 33.45.
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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The Bullish pennant pattern is formed on the EURGBP M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8901 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 3330.94; the resistance level 3337.55; the width of the pattern 661 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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