FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Triple Bottom
The Triple Bottom pattern has formed on the EURNZD D1 chart. It has the following characteristics: resistance at 1.9803; support at 1.9509; pattern width of 294 points. If the confirmation resistance at 1.9851 is broken, the price is likely to continue upward by at least 299 points.
Double Bottom
The Double Bottom pattern has formed on the #Bitcoin M15 chart. Its upper boundary is at 77512.01, its lower boundary is at 77234.61, and its width is 28006 points. A break above the upper boundary at 77512.01 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
Bearish Rectangle
The Bearish Rectangle has formed on the AUDUSD M5 chart. This is a trend continuation pattern bounded by the lower boundary at 0.7156–0.7156 and the upper boundary at 0.7165–0.7165. A breakout below the lower boundary is likely to signal a continuation of the downtrend.
Bearish Rectangle
The Bearish Rectangle has formed on the #INTC M5 chart and indicates a likely continuation of the trend. Its resistance zone is at 90.09–90.09 and its support zone is at 89.04–89.04. A break below support at 89.04 is likely to signal a continuation of the bearish trend.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the #Bitcoin M5 chart. A break below the lower boundary at 76857.11 is likely to signal a continuation of the downtrend.