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

The Bearish pennant pattern has formed on the #EBAY M5 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 112.57, a trader will be able to successfully enter the sell position.

The Bullish pennant pattern is formed on the #EBAY M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 114.55, a further uptrend is possible.

The Double Top reversal pattern has been formed on #EBAY M5. Characteristics: the upper boundary 112.17; the lower boundary 111.29; the width of the pattern is 83 points. Sell trades are better to be opened below the lower boundary 111.29 with a possible movements towards the 111.14 level.

The Triple Bottom pattern has been formed on #EBAY M5. It has the following characteristics: resistance level 113.20/113.06; support level 112.56/112.66; the width is 64 points. In the event of a breakdown of the resistance level of 113.20, the price is likely to continue an upward movement at least to 112.82.

The Bearish pennant pattern has formed on the #EBAY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 112.06 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.