signal strength 3 of 5
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.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M5, SILVER 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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According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.7878 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on NZDUSD H1. It has the following characteristics: resistance level 0.5638/0.5621; support level 0.5515/0.5481; the width is 123 points. In the event
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