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

The Double Bottom pattern has been formed on #GOOG 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 347.29 is broken. The further movements will rely on the width of the current pattern 353 points.

The Triple Bottom pattern has been formed on #GOOG M5. It has the following characteristics: resistance level 346.75/345.77; support level 343.95/343.95; the width is 280 points. In the event of a breakdown of the resistance level of 346.75, the price is likely to continue an upward movement at least to 343.91.

The Double Bottom pattern has been formed on #GOOG M5. 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 346.75 is broken. The further movements will rely on the width of the current pattern 280 points.

The Bearish pennant pattern has formed on the #GOOG M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 343.89 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Double Bottom pattern has been formed on #GOOG M5. 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 355.26 is broken. The further movements will rely on the width of the current pattern 164 points.