FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Bullish pennant pattern is formed on the #PEP M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 149.91, a further uptrend is possible.

On the chart of #PEP M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 149.46; the lower boundary 148.05; the width of the pattern 141 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 147.82 level.

On the chart of #PEP M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 149.46; the lower boundary 148.05; the width of the pattern 141 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 147.75 level.

The Triple Bottom pattern has formed on the chart of AUDJPY H1. Features of the pattern: The lower line of the pattern has coordinates 96.02 with the upper limit 96.02/95.79, the projection of the width is 56 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 95.46, the price is most likely to continue the upward movement.

The Triple Bottom pattern has been formed on AUDCHF H1. It has the following characteristics: resistance level 0.5252/0.5250; support level 0.5240/0.5238; the width is 12 points. In the event of a breakdown of the resistance level of 0.5252, the price is likely to continue an upward movement at least to 0.5277.