FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Triple Top
The Triple Top reversal pattern has formed on the #Bitcoin M5 chart. Its upper boundary is at 83081.96/83080.19, its lower boundary is at 82952.97/82967.40, and its current width is 10693 points. If the confirmation support at 82952.97 is broken, that width can be used to project the downward move.
Bullish Rectangle
The Bullish Rectangle has formed on the #Bitcoin M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 83081.96 and its support is at 82952.97. A breakout above the resistance zone at 83081.96–83081.96 is likely to signal a continuation of the bullish trend.
Double Top
The Double Top reversal pattern has formed on the #Bitcoin M5 chart. Its upper boundary is at 83081.96, its lower boundary is at 82952.97, and its width is 12136 points. A short position may be considered below the lower boundary at 82952.97, with a potential target at 82952.82.
Double Top
The Double Top reversal pattern has formed on the #Bitcoin M5 chart. Its upper boundary is at 82687.64, its lower boundary is at 82579.91, and its width is 10040 points. A short position may be considered below the lower boundary at 82579.91, with a potential target at 82579.76.
Bearish Flag
The Bearish Flag pattern has formed on the GBPAUD M5 chart. Its lower boundary passes through 1.8935/1.8941, while its upper boundary passes through 1.8939/1.8945. The projected flagpole height is 10 points. The formation indicates that the downtrend is likely to continue. A break below 1.8935 would confirm further downward movement.