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

The Triple Top pattern has formed on the chart of the NZDCAD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.7906/0.7907 with the upper limit 0.7916/0.7914; the projection of the width is 10 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 0.7906, the price is most likely to continue the downward movement.

The Bullish pennant signal – Trading instrument #TSLA H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 421.42, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M5, #TSLA formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 420.22, the lower border is 417.65. The signal means that a long position should be opened above the upper border 420.22 of the Bullish Rectangle.

On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 420.22; the lower boundary 417.65; the width of the pattern 257 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 417.50 level.

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3116 and 1.3073 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 43 pips. Outlook: If the upper border 1.3116 is broken, the price is likely to continue its move by 1.3109.