FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bearish Flag
The Bearish Flag pattern has been formed on #MCD at D1. The lower boundary of the pattern is located at 270.33/279.93 while the upper boundary lies at 273.95/283.55. The projection of the flagpole is 2513 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 270.33 is broken, the price will move further downwards.
Bearish pennant
The Bearish pennant pattern has formed on the #MCD D1 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 270.33, a trader will be able to successfully enter the sell position.
Bullish Rectangle
According to the chart of M5, EURGBP formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8670 – 0.8670 and upper border 0.8675 – 0.8675. In case the upper border is broken, the instrument is likely to follow the upward trend.
Bearish Symmetrical Triangle
According to the chart of M5, GOLD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 4685.58 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -2677 pips.
Double Top
The Double Top pattern has been formed on #Bitcoin M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 80888.33 is broken, the downward movement will continue.
