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

The Bullish pennant graphic pattern has formed on the #EBAY H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 53.17.

The Double Top pattern has been formed on #EBAY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 52.73 is broken, the downward movement will continue.

The Bullish pennant signal – Trading instrument #EBAY M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 52.80, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M5, #EBAY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 52.07 and 51.79 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 28 pips. Outlook: If the upper border 52.07 is broken, the price is likely to continue its move by 52.08.

According to the chart of M5, #EBAY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 51.20 – 51.20 and upper border 51.48 – 51.48. In case the upper border is broken, the instrument is likely to follow the upward trend.