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

The Triple Top pattern has formed on the chart of the #FB M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 634.71/635.61 with the upper limit 640.39/642.27; the projection of the width is 568 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 634.71, the price is most likely to continue the downward movement.

The Triple Bottom pattern has formed on the chart of #FB M5. Features of the pattern: The lower line of the pattern has coordinates 629.47 with the upper limit 629.47/625.90, the projection of the width is 607 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 623.40, the price is most likely to continue the upward movement.

The Bullish pennant signal – Trading instrument #FB H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 642.84, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant pattern is formed on the #FB M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 643.25, a further uptrend is possible.

The Bullish pennant signal – Trading instrument #FB H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 642.84, with the prospect of the next move being a projection of the flagpole height.