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

The Bullish pennant pattern is formed on the #GOOG M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 175.33, a further uptrend is possible.

The Triple Bottom pattern has formed on the chart of #GOOG M5. Features of the pattern: The lower line of the pattern has coordinates 169.47 with the upper limit 169.47/168.82, the projection of the width is 194 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 167.53, the price is most likely to continue the upward movement.

On the chart of #GOOG M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 170.53; the lower boundary 169.46; the width of the pattern 107 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 169.31 level.

The Double Top reversal pattern has been formed on #GOOG M5. Characteristics: the upper boundary 173.19; the lower boundary 168.42; the width of the pattern is 491 points. Sell trades are better to be opened below the lower boundary 168.42 with a possible movements towards the 168.27 level.

The Double Bottom pattern has been formed on #GOOG M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 172.14 is broken. The further movements will rely on the width of the current pattern 134 points.