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

On the chart of GBPCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0600; the lower boundary 1.0558; the width of the pattern 42 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0536 level.

According to the chart of M5, #TSLA formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 437.27 - 0.00 and support 421.66 – 421.66. In case the resistance level 421.66 - 421.66 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on NZDCAD M15. Characteristics: the support level 0.7892; the resistance level 0.7903; the width of the pattern 11 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 10 points.

On the chart of GBPUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3174; the lower boundary 1.3156; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3133 level.

The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5616 is broken, the downward movement will continue.