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

The Double Bottom pattern has been formed on SILVER 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 71.56 is broken. The further movements will rely on the width of the current pattern 440 points.

The Bearish pennant pattern has formed on the #MCD M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 305.30 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.

According to the chart of M5, AUDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.6691 and 0.6645 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 46 pips. Outlook: If the upper border 0.6691 is broken, the price is likely to continue its move by 0.6683.

The Bearish pennant pattern has formed on the #NTDOY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 16.72 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 Bearish Flag pattern has been formed on the chart #MSFT M5 which signals that the downward trend will continue. If the price breaks below the low at 484.61, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).