FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bearish pennant
The Bearish pennant pattern has formed on the #MA M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 504.06; the projection of the flagpole height is equal to 2337 pips. In case the price breaks out the pattern’s bottom of 504.06, the downtrend is expected to continue for further level 503.76.
Bearish pennant
The Bearish pennant pattern has formed on the #MA M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 505.48; the projection of the flagpole height is equal to 2195 pips. In case the price breaks out the pattern’s bottom of 505.48, the downtrend is expected to continue for further level 505.26.
Triple Bottom
The Triple Bottom pattern has been formed on #MA M15. It has the following characteristics: resistance level 520.07/517.77; support level 516.07/516.20; the width is 400 points. In the event of a breakdown of the resistance level of 520.07, the price is likely to continue an upward movement at least to 516.39.
Double Bottom
The Double Bottom pattern has been formed on #MA M15; the upper boundary is 520.07; the lower boundary is 516.16. The width of the pattern is 400 points. In case of a break of the upper boundary 520.07, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
Triple Bottom
The Triple Bottom pattern has formed on the chart of #MA M5. Features of the pattern: The lower line of the pattern has coordinates 520.07 with the upper limit 520.07/517.08, the projection of the width is 400 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 516.07, the price is most likely to continue the upward movement.
