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

The Bullish pennant signal – Trading instrument #NTDOY M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 14.17, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on #MSFT 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 409.15 is broken. The further movements will rely on the width of the current pattern 448 points.

On the chart of the SILVER M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 82.81, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 2095 points.

On the chart of the SILVER M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 82.81, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 2095 points.

The Bearish pennant pattern has formed on the #TSLA M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 383.36; the projection of the flagpole height is equal to 1719 pips. In case the price breaks out the pattern’s bottom of 383.36, the downtrend is expected to continue for further level 383.14.