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

The Double Top pattern has been formed on #PEP M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 174.54 is broken, the downward movement will continue.

According to the chart of M15, #PEP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 180.61 and 173.10 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 751 pips. Outlook: If the upper border 180.61 is broken, the price is likely to continue its move by 176.99.

According to the chart of M30, #PEP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 180.61 and 172.97 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 764 pips. Outlook: If the upper border 180.61 is broken, the price is likely to continue its move by 177.14.

On the chart of the #PEP M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 171.83, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 130 points.

The Bearish pennant pattern has formed on the #PEP M15 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 169.71, a trader will be able to successfully enter the sell position.