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

The Bearish pennant pattern has formed on the #TSLA M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 461.10 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Triple Top pattern has formed on the chart of the NZDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 90.57/90.59 with the upper limit 90.64/90.64; the projection of the width is 7 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 90.57, the price is most likely to continue the downward movement.

The Double Top pattern has been formed on GBPAUD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0145 is broken, the downward movement will continue.

The Triple Bottom pattern has formed on the chart of #MCD M5. Features of the pattern: The lower line of the pattern has coordinates 309.12 with the upper limit 309.12/308.95, the projection of the width is 45 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 308.67, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of the #MCD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 310.39/309.12.