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

According to the chart of M15, #EBAY formed the Head and Shoulders pattern. The Head’s top is set at 68.18 while the median line of the Neck is found at 67.07/67.03. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #EBAY will go towards 66.81.

The Double Bottom pattern has been formed on #EBAY 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 67.35 is broken. The further movements will rely on the width of the current pattern 32 points.

The Double Top pattern has been formed on #EBAY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 66.66 is broken, the downward movement will continue.

According to the chart of M15, #EBAY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 67.31 and 65.74 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 157 pips. Outlook: If the upper border 67.31 is broken, the price is likely to continue its move by 66.89.

According to the chart of M5, #EBAY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 67.70/67.05 whereas the lower border goes across 66.31/67.05. The pattern width is measured on the chart at 139 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 67.05 is broken, the price could continue its move toward 67.20.