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

The Double Bottom pattern has been formed on #TSLA M5. Characteristics: the support level 408.39; the resistance level 410.90; the width of the pattern 251 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 261 points.

According to the chart of M15, GBPUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.3433 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on #MA M15; the upper boundary is 520.07; the lower boundary is 516.16. The width of the pattern is 400 points. In case of a break of the upper boundary 520.07, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3433/1.3452 and upper border is 1.3475/1.3452. The pattern width is measured on the chart at -42 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPUSD breaches the lower border, the price could continue its move toward 1.3437.

According to the chart of M15, #INTC formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 43.91/44.54 and upper border is 45.27/44.54. The pattern width is measured on the chart at -136 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #INTC breaches the lower border, the price could continue its move toward 44.31.