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

The Double Top reversal pattern has been formed on #PEP H1. Characteristics: the upper boundary 132.70; the lower boundary 129.07; the width of the pattern is 365 points. Sell trades are better to be opened below the lower boundary 129.07 with a possible movements towards the 128.67 level.

On the chart of #PEP H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 132.72; the lower boundary 129.07; the width of the pattern 365 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 128.67 level.

The Bullish pennant graphic pattern has formed on the #PEP M5 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 130.92.

The Bullish pennant signal – Trading instrument #PEP M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 130.77, with the prospect of the next move being a projection of the flagpole height.

According to the chart of D1, #PEP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 132.70 - 0.00 and support 127.74 – 127.74. In case the resistance level 127.74 - 127.74 is broken, the instrument is likely to follow the bearish trend.