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Actual patterns
Double Top
The Double Top reversal pattern has been formed on GBPCHF M5. Characteristics: the upper boundary 1.0648; the lower boundary 1.0642; the width of the pattern is 6 points. Sell trades are better to be opened below the lower boundary 1.0642 with a possible movements towards the 1.0627 level.
Triple Top
The Triple Top pattern has formed on the chart of the #TSLA M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 29, support level -411, and pattern’s width 984. Forecast If the price breaks through the support level 430.57, it is likely to move further down to 438.83.
Triple Top
The Triple Top pattern has formed on the chart of the #TSLA M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 430.57/434.68 with the upper limit 440.41/440.12; the projection of the width is 984 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 430.57, the price is most likely to continue the downward movement.
Bullish Symmetrical Triangle
According to the chart of M30, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0729 and 1.0527 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 202 pips. Outlook: If the upper border 1.0729 is broken, the price is likely to continue its move by 1.0648.
Bullish pennant
The Bullish pennant graphic pattern has formed on the #TSLA M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 438.72.