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

The Bullish pennant pattern is formed on the #EBAY M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 63.43, a further uptrend is possible.

The Bullish pennant graphic pattern has formed on the #EBAY M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 63.76.

The Bullish pennant pattern is formed on the #EBAY M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 62.74, a further uptrend is possible.

The Double Top pattern has been formed on #EBAY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 61.86 is broken, the downward movement will continue.

According to the chart of M5, #EBAY formed the Head and Shoulders pattern. The Head’s top is set at 62.72 while the median line of the Neck is found at 62.43/62.41. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #EBAY will go towards 62.26.