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

The Double Top reversal pattern has been formed on #EBAY M15. Characteristics: the upper boundary 109.34; the lower boundary 108.02; the width of the pattern is 126 points. Sell trades are better to be opened below the lower boundary 108.02 with a possible movements towards the 107.79 level.

On the chart of #EBAY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 109.28; the lower boundary 108.02; the width of the pattern 126 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 107.87 level.

According to the chart of M5, #EBAY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 107.71 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -108 pips.

The Bearish pennant pattern has formed on the #EBAY M5 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 109.69, a trader will be able to successfully enter the sell position.

On the chart of #EBAY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 118.85; the lower boundary 116.17; the width of the pattern 268 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 115.87 level.