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

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 166.39, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 89 points.

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 167.42, a further uptrend is possible.

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 164.58 is broken. The further movements will rely on the width of the current pattern 72 points.

According to the chart of M15, #GOOG formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 165.12/166.39 whereas the upper border goes across 167.36/166.39. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #GOOG will breach the upper border to head for 166.62.

According to the chart of M5, #GOOG formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 167.36 and 165.07 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 229 pips. Outlook: If the upper border 167.36 is broken, the price is likely to continue its move by 166.50.