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

The Double Bottom pattern has formed on the #FB M15 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 626.32. The projected move is based on the pattern width of 1622 points.

The Double Bottom pattern has formed on the #FB M15 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 626.32. The projected move is based on the pattern width of 1622 points.

The Bearish Pennant pattern has formed on the #FB M30 chart. A break below the pennant low at 610.70 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Double Bottom pattern has formed on the #FB M5 chart. Its support is at 702.84, its resistance is at 706.83, and its width is 399 points. A break above resistance may confirm a trend reversal, with the first target projected 398 points away.

The Double Bottom pattern has formed on the #FB M5 chart. Its support is at 702.84, its resistance is at 706.83, and its width is 399 points. A break above resistance may confirm a trend reversal, with the first target projected 398 points away.