FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Triple Bottom
The Triple Bottom pattern has formed on the chart of EURGBP M5. The lower boundary is at 0.8598, while the upper boundary is at 0.8603/0.8602. The projected width is 5 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.8603 is broken, the price is likely to continue upward.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the #NTDOY M5 chart. A break below the lower boundary at 12.23 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 14 points.
Double Bottom
The Double Bottom pattern has formed on the #KO M15 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 88.11. The projected move is based on the pattern width of 53 points.
Bullish Rectangle
The Bullish Rectangle has formed on the GOLD M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 4296.75 and its support is at 4287.43. A breakout above the resistance zone at 4296.75–4296.75 is likely to signal a continuation of the bullish trend.
Double Top
The Double Top pattern has formed on the #INTC M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 124.01 is likely to confirm further downward movement.