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

On the chart of SILVER M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 92.01; the lower boundary 90.18; the width of the pattern 1830 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 90.16 level.

The Double Top reversal pattern has been formed on #EBAY M15. Characteristics: the upper boundary 94.44; the lower boundary 93.29; the width of the pattern is 115 points. Sell trades are better to be opened below the lower boundary 93.29 with a possible movements towards the 93.07 level.

The Bearish pennant pattern has formed on the #MSFT M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 460.96; the projection of the flagpole height is equal to 976 pips. In case the price breaks out the pattern’s bottom of 460.96, the downtrend is expected to continue for further level 460.73.

The Bearish pennant pattern has formed on the #FB M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 616.23; the projection of the flagpole height is equal to 1485 pips. In case the price breaks out the pattern’s bottom of 616.23, the downtrend is expected to continue for further level 615.93.

The Bearish pennant pattern has formed on the #FB M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 617.45 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.