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

The Double Bottom pattern has been formed on SILVER M15; the upper boundary is 32.73; the lower boundary is 32.47. The width of the pattern is 255 points. In case of a break of the upper boundary 32.73, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Triple Bottom pattern has been formed on GBPCHF M5. It has the following characteristics: resistance level 1.1342/1.1335; support level 1.1328/1.1324; the width is 14 points. In the event of a breakdown of the resistance level of 1.1342, the price is likely to continue an upward movement at least to 1.1341.

The Bearish pennant pattern has formed on the AUDUSD M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.6350; the projection of the flagpole height is equal to 28 pips. In case the price breaks out the pattern’s bottom of 0.6350, the downtrend is expected to continue for further level 0.6320.

The Double Bottom pattern has been formed on #AAPL 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 245.91 is broken. The further movements will rely on the width of the current pattern 54 points.

The Double Bottom pattern has been formed on #GOOG M5. Characteristics: the support level 181.10; the resistance level 181.84; the width of the pattern 74 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 80 points.