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 597.97 is broken. The further movements will rely on the width of the current pattern 447 points.

The Double Bottom pattern has been formed on #FB H1. 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 610.94 is broken. The further movements will rely on the width of the current pattern 1637 points.

The Triple Bottom pattern has formed on the chart of #FB M5. Features of the pattern: The lower line of the pattern has coordinates 604.09 with the upper limit 604.09/602.85, the projection of the width is 397 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 600.12, the price is most likely to continue the upward movement.

The Bearish pennant pattern has formed on the #FB 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 636.67, a trader will be able to successfully enter the sell position.

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 655.61/660.26 with the upper limit 662.64/663.44; the projection of the width is 703 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 655.61, the price is most likely to continue the downward movement.