FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Bullish Flag
The Bullish Flag pattern has been formed on the chart #AAPL M5 which signals that the upward trend will continue. Signals: а break of the peak at 309.61 may push the price higher, and the rise will be the projection of the pole.
Bullish pennant
The Bullish pennant signal – Trading instrument #AAPL M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 309.61, with the prospect of the next move being a projection of the flagpole height.
Double Bottom
The Double Bottom pattern has been formed on AUDCHF M15. Characteristics: the support level 0.5598; the resistance level 0.5605; the width of the pattern 7 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 8 points.
Double Top
The Double Top pattern has been formed on #MCD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 276.46 is broken, the downward movement will continue.
Double Top
The Double Top pattern has been formed on #KO M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 80.71 is broken, the downward movement will continue.
