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

The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 88.55 is broken, the downward movement will continue.

According to the chart of M5, #NTDOY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 14.25 and 14.04 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 21 pips. Outlook: If the upper border 14.25 is broken, the price is likely to continue its move by 14.31.

The Bullish pennant pattern is formed on the #NTDOY M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 14.49, a further uptrend is possible.

On the chart of AUDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5504; the lower boundary 0.5501; the width of the pattern 3 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5486 level.

According to the chart of M5, #NTDOY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 14.25 and 14.04 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 21 pips. Outlook: If the upper border 14.25 is broken, the price is likely to continue its move by 14.30.