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

On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 420.22; the lower boundary 417.65; the width of the pattern 257 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 417.50 level.

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3116 and 1.3073 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 43 pips. Outlook: If the upper border 1.3116 is broken, the price is likely to continue its move by 1.3109.

The Bullish pennant signal – Trading instrument #NTDOY M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 21.28, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M30, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0602/1.0577 whereas the lower border goes across 1.0540/1.0577. The pattern width is measured on the chart at 62 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0577 is broken, the price could continue its move toward 1.0607.

According to the chart of M5, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0602 and 1.0540 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 62 pips. Outlook: If the upper border 1.0602 is broken, the price is likely to continue its move by 1.0591.