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

The Double Top reversal pattern has been formed on #FB M15. Characteristics: the upper boundary 670.40; the lower boundary 659.73; the width of the pattern is 1036 points. Sell trades are better to be opened below the lower boundary 659.73 with a possible movements towards the 659.51 level.

According to the chart of M5, #FB formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 666.99 – 666.99 and upper border 669.14 – 669.14. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish pennant graphic pattern has formed on the #FB 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 748.89.

The Bullish pennant signal – Trading instrument #FB M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 748.83, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant graphic pattern has formed on the #FB M5 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 742.72.