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

On the chart of #FB M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 640.99; the lower boundary 638.55; the width of the pattern 244 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 638.40 level.

The Double Bottom pattern has been formed on #FB M5. Characteristics: the support level 629.38; the resistance level 638.29; the width of the pattern 891 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 933 points.

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.