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

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 77295.69 and 76185.62 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 111007 pips. Outlook: If the upper border 77295.69 is broken, the price is likely to continue its move by 76729.98.

The Triple Bottom pattern has formed on the chart of the GOLD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 4510.43/4510.08.

The Triple Bottom pattern has formed on the chart of EURNZD D1. Features of the pattern: The lower line of the pattern has coordinates 1.9851 with the upper limit 1.9851/1.9803, the projection of the width is 355 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 1.9496, the price is most likely to continue the upward movement.

The Bearish pennant pattern has formed on the #Bitcoin M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 75367.17 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, GOLD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 4510.43, the lower border is 4503.84. The signal means that a short position should be opened after fixing a price below the lower border 4503.84 of the Bearish Rectangle.