signal strength 1 of 5

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 36.14/35.99 whereas the lower border goes across 35.86/35.99. The pattern width is measured on the chart at 280 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 35.99 is broken, the price could continue its move toward 36.01.
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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On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5232; the lower boundary 0.5227; the width of the pattern 5 points
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 NZDCAD M15; the upper boundary is 0.8207; the lower boundary is 0.8197. The width of the pattern is 10 points. In case
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 NZDCAD M5. Characteristics: the support level 0.8197; the resistance level 0.8207; the width of the pattern 10 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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