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

On the chart of #PEP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 164.27; the lower boundary 163.36; the width of the pattern 91 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 163.21 level.

According to the chart of M15, GOLD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 5010.57 and support 4991.00. In case the resistance level 5010.57 - 5010.57 is broken, the instrument is likely to follow the bullish trend.

The Bullish pennant signal – Trading instrument #AMZN M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 207.29, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M5, GOLD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 5010.57, the lower border is 4991.00. The signal means that a long position should be opened above the upper border 5010.57 of the Bullish Rectangle.

The Bearish Flag pattern has been formed on the chart #KO M5 which signals that the downward trend will continue. If the price breaks below the low at 78.97, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).