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

The Double Bottom pattern has been formed on #FB M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 564.90 is broken. The further movements will rely on the width of the current pattern 765 points.

The Triple Top pattern has formed on the chart of the #FB M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 634.71/635.61 with the upper limit 640.39/642.27; the projection of the width is 568 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 634.71, the price is most likely to continue the downward movement.

The Triple Bottom pattern has formed on the chart of #FB M5. Features of the pattern: The lower line of the pattern has coordinates 629.47 with the upper limit 629.47/625.90, the projection of the width is 607 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 623.40, the price is most likely to continue the upward movement.

The Bullish pennant signal – Trading instrument #FB H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 642.84, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant pattern is formed on the #FB M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 643.25, a further uptrend is possible.