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

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 330.25; the lower boundary 329.34; the width of the pattern 91 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 329.19 level.

The Triple Top pattern has formed on the chart of the #GOOG M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -51, support level -46, and pattern’s width 100. Forecast If the price breaks through the support level 315.73, it is likely to move further down to 317.16.

The Double Top pattern has been formed on #GOOG M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 279.65 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the #GOOG M15 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 281.89.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #GOOG M15. Forecast: if the price breaks above the pattern high at 281.67, then traders will be able to place a long deal with the target at 281.89.