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

The Bearish pennant pattern has formed on the #MA M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 508.90, a trader will be able to successfully enter the sell position.

The Bearish Flag pattern has been formed on #MA at M5. The lower boundary of the pattern is located at 508.90/509.66 while the upper boundary lies at 510.40/511.16. The projection of the flagpole is 645 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 508.90 is broken, the price will move further downwards.

The Bullish pennant signal – Trading instrument #NTDOY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 15.87, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on NZDCAD M30. 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 0.8048 is broken. The further movements will rely on the width of the current pattern 21 points.

The Double Bottom pattern has been formed on NZDCAD M15. 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 0.8048 is broken. The further movements will rely on the width of the current pattern 21 points.