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

According to the chart of M5, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 89.76 - 0.00 and support 89.65 – 89.65. In case the resistance level 89.65 - 89.65 is broken, the instrument is likely to follow the bearish trend.

The Triple Top pattern has formed on the chart of the #TSLA M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -66, support level -29, and pattern’s width 169. Forecast If the price breaks through the support level 445.42, it is likely to move further down to 447.29.

According to the chart of M5, #TSLA formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 447.11, the lower border is 440.12. The signal means that a short position should be opened after fixing a price below the lower border 440.12 of the Bearish Rectangle.

According to the chart of M5, #TSLA formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 443.37/445.51 and upper border is 447.40/445.51. The pattern width is measured on the chart at -403 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #TSLA breaches the lower border, the price could continue its move toward 445.36.

The Bullish pennant pattern is formed on the #TSLA M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 456.22, a further uptrend is possible.