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

The Triple Top pattern has formed on the chart of the #FB M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -58, support level -64, and pattern’s width 236. Forecast If the price breaks through the support level 621.16, it is likely to move further down to 623.38.

On the chart of #FB M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 623.53; the lower boundary 621.16; the width of the pattern 237 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 621.01 level.

The Double Bottom pattern has been formed on #FB M15; the upper boundary is 619.51; the lower boundary is 614.79. The width of the pattern is 449 points. In case of a break of the upper boundary 619.51, 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 Double Bottom pattern has been formed on #FB M5; the upper boundary is 617.05; the lower boundary is 615.21. The width of the pattern is 196 points. In case of a break of the upper boundary 617.05, 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.

According to the chart of M5, #FB formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 615.02 – 615.02 and upper border 617.31 – 617.31. In case the lower border is broken, the instrument is likely to follow the downward trend.