FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bullish pennant
The Bullish pennant graphic pattern has formed on the #MCD 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 333.58.
Double Top
On the chart of #MCD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 327.74; the lower boundary 323.32; the width of the pattern 442 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 323.02 level.
Triple Top
The Triple Top pattern has formed on the chart of the #MCD H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 29, support level -202, and pattern’s width 673. Forecast If the price breaks through the support level 321.30, it is likely to move further down to 327.09.
Bearish pennant
The Bearish pennant pattern has formed on the #MCD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 323.11 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.
Triple Top
The Triple Top pattern has formed on the chart of the #MCD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 15, support level -158, and pattern’s width 248. Forecast If the price breaks through the support level 324.22, it is likely to move further down to 326.76.
