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

The Bullish Symmetrical Triangle pattern has formed on the #EBAY M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 105.89/105.34, while its lower boundary passes through 104.84/105.34. The pattern width is 105 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 105.34 could send the price toward 105.49.

The Triple Bottom pattern has formed on the chart of #EBAY M5. The lower boundary is at 100.37, while the upper boundary is at 100.96/100.69. The projected width is 92 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 100.96 is broken, the price is likely to continue upward.

The Bearish Pennant pattern has formed on the #EBAY M30 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 103.52.

The Bearish Pennant pattern has formed on the #EBAY M30 chart. A break below the pennant low at 103.52 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Double Bottom pattern has formed on the #EBAY M15 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 104.43. The projected move is based on the pattern width of 85 points.