FX.co ★ Modèles réels. Analyse technique et recommandations de trading

According to the chart of M5, #EBAY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 72.84 while the median line of the Neck is set at 74.68/74.38. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #EBAY will go towards 74.53.

The Triple Bottom pattern has been formed on #EBAY M15. It has the following characteristics: resistance level 75.51/74.53; support level 74.32/74.04; the width is 119 points. In the event of a breakdown of the resistance level of 75.51, the price is likely to continue an upward movement at least to 74.39.

The Double Bottom pattern has been formed on #EBAY M5; the upper boundary is 75.51; the lower boundary is 74.30. The width of the pattern is 119 points. In case of a break of the upper boundary 75.51, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The #EBAY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 78.06, the Neckline and the upward angle are at 77.53/77.61. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #EBAY will go towards 77.46.

The Double Top reversal pattern has been formed on #EBAY M15. Characteristics: the upper boundary 78.11; the lower boundary 76.89; the width of the pattern is 121 points. Sell trades are better to be opened below the lower boundary 76.89 with a possible movements towards the 76.67 level.