was formed on 13.05 at 14:00:05 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
According to the chart of M15, SILVER formed the Head and Shoulders pattern. The Head’s top is set at 33.17 while the median line of the Neck is found at 32.92/32.91. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of SILVER will go towards 32.89.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
