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

The Triple Bottom pattern has formed on the chart of the #FB M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 644.87/643.65.

According to the chart of H1, #FB formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 642.87, the lower border is 628.26. The signal means that a short position should be opened after fixing a price below the lower border 628.26 of the Bearish Rectangle.

According to the chart of M30, #FB formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 642.87, the lower border is 628.26. The signal means that a short position should be opened after fixing a price below the lower border 628.26 of the Bearish Rectangle.

On the chart of #FB M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 641.49; the lower boundary 637.65; the width of the pattern 384 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 637.50 level.

According to the chart of M5, #FB formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 642.46, the lower border is 639.61. The signal means that a long position should be opened above the upper border 642.46 of the Bullish Rectangle.