Saturday , February 22 2020
Home / Commodity Blog / Symmetrical Triangle Pattern on Daily Chart of Silver as of 2019-10-20

Symmetrical Triangle Pattern on Daily Chart of Silver as of 2019-10-20

Summary:
A symmetrical triangle pattern has formed on the daily chart of silver, suggesting that prices are likely to resume their movement to the upside after a period of consolidation. The yellow lines show the triangle itself. The cyan line is located at the 10% of the pattern’s width above the upper side of the triangle and offers an entry point for those traders who are willing to bet on an upside breakout. The green line is drawn at the triangle’s width above the pattern and suggests a profit-taking target. You can click on the image to see a full-size version: The chart was built using the ChannelPattern script. You can download a MetaTrader 4 chart template for this silver pattern. You can also trade it using the free Chart Pattern Helper EA. If you have any questions or comments regarding

Topics:
Vladimir Vyun considers the following as important: ,

This could be interesting, too:

Lance Roberts writes #WhatYouMissed On RIA: Week Of 02-17-20

Vladimir Vyun writes Energy & Metal Markets Trade in Green, Gold Fails to Join Rally

Vladimir Vyun writes Video: Weekly Commodity Forecast – Gold, Silver, Crude Oil for February 17–21, 2020

Vladimir Vyun writes Symmetrical Triangle Pattern on Daily Chart of Palladium as of 2020-02-16

A symmetrical triangle pattern has formed on the daily chart of silver, suggesting that prices are likely to resume their movement to the upside after a period of consolidation.

The yellow lines show the triangle itself. The cyan line is located at the 10% of the pattern’s width above the upper side of the triangle and offers an entry point for those traders who are willing to bet on an upside breakout. The green line is drawn at the triangle’s width above the pattern and suggests a profit-taking target.

You can click on the image to see a full-size version:

Symmetrical Triangle Pattern on Daily Chart of Silver as of 2019-10-20

The chart was built using the ChannelPattern script. You can download a MetaTrader 4 chart template for this silver pattern. You can also trade it using the free Chart Pattern Helper EA.

If you have any questions or comments regarding this symmetrical triangle pattern on the chart of silver, please feel free to submit them via the form below.


Commodity Blog, 2019. | Permalink | No comment | Add to

Better Feed from Ozh

Vladimir Vyun
Vladimir is an online journalist with background in computer science and work experience in pension funds. He contributes news reports, fundamental analysis and sentiment forecasts to TopForexNews.com and CommodityBlog.com. His main specialization is the currencies of emerging economies and inter-market correlations with commodity and bond trading.

Leave a Reply

Your email address will not be published. Required fields are marked *