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

According to the chart of M30, #MA formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 586.61 and support 582.27. In case the resistance level 586.61 - 586.61 is broken, the instrument is likely to follow the bullish trend.

On the chart of #MA M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 586.60; the lower boundary 582.27; the width of the pattern 433 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 581.97 level.

The Bullish pennant signal – Trading instrument #MA M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 587.06, with the prospect of the next move being a projection of the flagpole height.

The Double Top reversal pattern has been formed on #MA M5. Characteristics: the upper boundary 581.78; the lower boundary 580.96; the width of the pattern is 91 points. Sell trades are better to be opened below the lower boundary 580.96 with a possible movements towards the 580.81 level.

The Double Top reversal pattern has been formed on #MA M5. Characteristics: the upper boundary 580.56; the lower boundary 577.10; the width of the pattern is 325 points. Sell trades are better to be opened below the lower boundary 577.10 with a possible movements towards the 576.95 level.