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 667.81; the lower boundary 666.76; the width of the pattern 105 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 666.61 level.

According to the chart of M5, #FB formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 665.93, the lower border is 663.40. The signal means that a long position should be opened above the upper border 665.93 of the Bullish Rectangle.

The Double Top pattern has been formed on #FB M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 660.33 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the #FB M5 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 673.91.

On the chart of #FB H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 670.09; the lower boundary 661.78; the width of the pattern 831 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 661.38 level.