FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Bottom
The Double Bottom pattern has been formed on GBPCHF 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 1.0537 is broken. The further movements will rely on the width of the current pattern 7 points.
Double Top
On the chart of NZDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5930; the lower boundary 0.5925; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5910 level.
Triple Bottom
The Triple Bottom pattern has been formed on #FB M5. It has the following characteristics: resistance level 634.90/632.56; support level 630.93/630.75; the width is 397 points. In the event of a breakdown of the resistance level of 634.90, the price is likely to continue an upward movement at least to 629.85.
Triple Top
The Triple Top pattern has formed on the chart of the GBPUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.3424/1.3439 with the upper limit 1.3450/1.3446; the projection of the width is 26 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 1.3424, the price is most likely to continue the downward movement.
Bullish Symmetrical Triangle
According to the chart of M5, #TSLA formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 440.25/441.62 whereas the upper border goes across 442.87/441.62. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #TSLA will breach the upper border to head for 441.77.
