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

The Bearish pennant pattern has formed on the #FB M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 428.60, a trader will be able to successfully enter the sell position.

The Double Top reversal pattern has been formed on #FB M5. Characteristics: the upper boundary 444.07; the lower boundary 439.28; the width of the pattern is 495 points. Sell trades are better to be opened below the lower boundary 439.28 with a possible movements towards the 439.13 level.

The Bullish pennant pattern is formed on the #FB M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 498.67, a further uptrend is possible.

The Bearish pennant pattern has formed on the #FB M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 491.31, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #FB M5; the upper boundary is 503.22; the lower boundary is 500.83. The width of the pattern is 251 points. In case of a break of the upper boundary 503.22, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.