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

According to the chart of M30, #GOOG formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 316.41 and support 313.18. In case the resistance level 316.41 - 316.41 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M15, #GOOG formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 313.18 – 313.18 and upper border 316.41 – 316.41. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on #GOOG M30. Characteristics: the upper boundary 316.18; the lower boundary 313.18; the width of the pattern is 323 points. Sell trades are better to be opened below the lower boundary 313.18 with a possible movements towards the 312.88 level.

On the chart of the #GOOG 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 314.73, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 138 points.

The Double Top reversal pattern has been formed on #GOOG M5. Characteristics: the upper boundary 316.18; the lower boundary 315.32; the width of the pattern is 82 points. Sell trades are better to be opened below the lower boundary 315.32 with a possible movements towards the 315.17 level.