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

According to the chart of M15, #MA formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 459.60/462.91 whereas the upper border goes across 466.28/462.91. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #MA will breach the upper border to head for 463.14.

The Triple Top pattern has formed on the chart of the #MA M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 460.98/461.82 with the upper limit 462.66/462.77; the projection of the width is 168 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 460.98, the price is most likely to continue the downward movement.

The Bullish pennant pattern is formed on the #MA M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 462.23, a further uptrend is possible.

The Double Bottom pattern has been formed on #MA M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 456.55 is broken. The further movements will rely on the width of the current pattern 394 points.

The Double Bottom pattern has been formed on #MA M15. Characteristics: the support level 452.61; the resistance level 456.55; the width of the pattern 394 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 404 points.