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

The #EBAY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 102.82, the Neckline and the upward angle are at 101.87/101.92. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #EBAY will go towards 101.77.

The Bearish pennant pattern has formed on the #EBAY M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 91.88, a trader will be able to successfully enter the sell position.

The Bearish pennant pattern has formed on the #EBAY H1 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 91.88, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on #EBAY M5. Characteristics: the support level 94.48; the resistance level 95.10; the width of the pattern 62 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 64 points.

According to the chart of M5, #EBAY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 94.37 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -95 pips.