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

The Double Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.5515; the resistance level 0.5533; the width of the pattern 18 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 18 points.

The Double Bottom pattern has been formed on EURGBP M5. 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 0.8784 is broken. The further movements will rely on the width of the current pattern 9 points.

The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0999 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on #MSFT M15. Characteristics: the support level 234.53; the resistance level 240.52; the width of the pattern 599 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 581 points.

The Double Bottom pattern has been formed on #TSLA M5. 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 268.91 is broken. The further movements will rely on the width of the current pattern 317 points.