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

The Double Bottom pattern has been formed on #EBAY M5. Characteristics: the support level 83.42; the resistance level 83.95; the width of the pattern 53 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 49 points.

According to the chart of H1, #EBAY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 78.86 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -1423 pips.

The Triple Top pattern has formed on the chart of the #EBAY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -16, support level -48, and pattern’s width 94. Forecast If the price breaks through the support level 84.96, it is likely to move further down to 85.89.

The Triple Top pattern has formed on the chart of the #EBAY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 84.57/84.96 with the upper limit 85.90/86.04; the projection of the width is 133 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 84.57, the price is most likely to continue the downward movement.

On the chart of #EBAY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 85.85; the lower boundary 84.57; the width of the pattern 128 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 84.42 level.