FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Triple Top pattern has formed on the chart of the #Bitcoin M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 96053.17/96099.28 with the upper limit 96400.03/96434.08; the projection of the width is 34686 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 96053.17, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on SILVER M15; the upper boundary is 32.73; the lower boundary is 32.47. The width of the pattern is 255 points. In case of a break of the upper boundary 32.73, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Triple Bottom pattern has been formed on GBPCHF M5. It has the following characteristics: resistance level 1.1342/1.1335; support level 1.1328/1.1324; the width is 14 points. In the event of a breakdown of the resistance level of 1.1342, the price is likely to continue an upward movement at least to 1.1341.

The Bearish pennant pattern has formed on the AUDUSD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.6350; the projection of the flagpole height is equal to 28 pips. In case the price breaks out the pattern’s bottom of 0.6350, the downtrend is expected to continue for further level 0.6320.

The Double Bottom pattern has been formed on #AAPL M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 245.91 is broken. The further movements will rely on the width of the current pattern 54 points.