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

The Bearish Pennant pattern has formed on the #FB 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 545.47.

The Bearish Pennant pattern has formed on the #FB M5 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 546.08.

The Double Bottom pattern has formed on the #FB H1 chart. Its upper boundary is at 612.30, its lower boundary is at 578.23, and its width is 3398 points. A break above the upper boundary at 612.30 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Double Top reversal pattern has formed on the #FB M30 chart. Its upper boundary is at 599.83, its lower boundary is at 526.17, and its width is 7125 points. A short position may be considered below the lower boundary at 526.17, with a potential target at 525.87.

The Triple Top reversal pattern has formed on the #FB M5 chart. Its upper boundary is at 594.48/597.42, its lower boundary is at 582.62/591.60, and its current width is 322 points. If the confirmation support at 582.62 is broken, that width can be used to project the downward move.