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FX.co ★ SILVER M5: Triple Bottom

SILVER M5: Triple Bottom

Triple BottomThe Triple Bottom pattern has formed on the SILVER M5 chart. It has the following characteristics: resistance at 51.48; support at 51.07; pattern width of 405 points. If the confirmation resistance at 51.59 is broken, the price is likely to continue upward by at least 530 points.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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