FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Double Top
On the chart of #EBAY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 79.03; the lower boundary 78.87; the width of the pattern 16 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 78.72 level.
Bearish pennant
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 77.71, a trader will be able to successfully enter the sell position.
Bullish pennant
The Bullish pennant signal – Trading instrument #EBAY M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 78.52, with the prospect of the next move being a projection of the flagpole height.
Double Top
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 77.99 is broken, the downward movement will continue.
Bullish pennant
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 78.55, a further uptrend is possible.
