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

The Double Top pattern has been formed on #PEP H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 165.99 is broken, the downward movement will continue.

The Double Top pattern has been formed on #PEP M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 168.49 is broken, the downward movement will continue.

The Bullish pennant pattern is formed on the #PEP M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 167.65, a further uptrend is possible.

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 163.36, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 93 points.

On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 164.27; the lower boundary 163.36; the width of the pattern 91 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 163.21 level.